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Port infrastructure & modernisation
The largest new port project of the period is Vadhavan, in Palghar district, Maharashtra. The Union Cabinet approved it on 19 June 2024 at a cost of ₹76,220 crore, including land. It is being developed by a special purpose vehicle of Jawaharlal Nehru Port Authority (74%) and the Maharashtra Maritime Board (26%), with a planned capacity of 298 million tonnes a year. The Prime Minister laid its foundation stone on 30 August 2024.
The Major Ports themselves are governed by the Major Port Authorities Act, 2021, which came into force on 3 November 2021 and replaced the Major Port Trusts Act, 1963, reconstituting each port trust as a Major Port Authority.
PIB, 19 June 2024 · PIB, Major Port Authorities Act