Mumbai: In a significant move to bolster India’s port infrastructure, the Jawaharlal Nehru Port Authority (JNPA) has signed a Memorandum of Understanding (MoU) with NMDC Group PJSC (formerly National Marine Dredging Company PJSC) for the development of Vadhvan Port Project Ltd. The agreement, formalized on Tuesday, underscores JNPA’s commitment to transforming Vadhvan Port into a globally competitive maritime hub.
The MoU was exchanged between JNPA Chairman Unmesh Sharad Wagh and NMDC Group CEO Yasser Zaghloul. As per the agreement, NMDC Group PJSC has proposed an investment of approximately Rs 21,000 crore for dredging, reclamation, and shore protection along the Vadhvan Coast. This investment highlights the company’s dedication to supporting India’s maritime expansion.
JNPA and NMDC Group PJSC sign MoU for ₹21,000 crore Vadhvan Port development project | File Photo
Speaking on the occasion, Wagh emphasized the importance of the collaboration, stating, “The MoU between JNPA and NMDC Group PJSC is a major milestone in developing Vadhvan Port as a world-class maritime hub. By bringing global expertise to one of India’s most ambitious port projects, we ensure strategic and sustainable development. With progress ahead of schedule, we remain committed to accelerating infrastructure growth and enhancing India’s port capabilities to meet future trade demands.”
NMDC Group PJSC, headquartered in Abu Dhabi, UAE, operates extensively across the Middle East and beyond. It is a renowned entity in engineering, marine dredging, procurement, and construction sectors.
Earlier, several MoUs related to the Vadhvan Port Project Ltd. were signed in the presence of Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, and Union Minister of State for Ports, Shipping and Waterways, Shantanu Thakur, during their visit to JN Port.
