{"id":100905,"date":"2025-02-20T00:00:00","date_gmt":"2025-02-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/nmdc-group-to-invest-nearly-usd-2-4-bn-into-indias-vadhvan-port\/"},"modified":"2025-02-20T00:00:00","modified_gmt":"2025-02-20T00:00:00","slug":"nmdc-group-to-invest-nearly-usd-2-4-bn-into-indias-vadhvan-port","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/02\/20\/nmdc-group-to-invest-nearly-usd-2-4-bn-into-indias-vadhvan-port\/","title":{"rendered":"NMDC Group to invest nearly USD 2.4 bn into India\u2019s Vadhvan port"},"content":{"rendered":"

NMDC to invest bns in Indian port project: <\/strong>Abu Dhabi-based National Marine Dredging Company (NMDC Group) inked an MoU with India\u2019s Jawaharlal Nehru Port (JNPA) that could see NMDC invest nearly INR 210 bn (c. USD 2.4 bn) into Mumbai\u2019s Vadhvan Port, according to a statement<\/a>. Under the agreement, NMDC will tap into dredging, reclamation, and shore protection operations at the port's offshore land, the Economic Times<\/a> reports.<\/p>\n

What\u2019s on the cards for Vadhvan? <\/strong>India\u2019s mega port<\/a> will feature nine container terminals, each stretching 1 km in length. It will include specialized berths for wheeled and liquid cargo, as well as one for the coast guard. Slated to be finished by the end of the decade, the USD 9 bn port will be capable of handling around 23 mn container units, positioning it among the top 10 largest ports globally.<\/p>\n

Targeting exports:<\/strong> The Vadhvan Port \u2014 poised to be the starting port for the India-Middle East-Europe Economic Corridor (IMEC)<\/a> \u2014 is set to expand the country\u2019s export capability significantly. The port\u2019s position along the Arabian Sea coast and proximity to Mumbai and Gujarat makes it an attractive trade gateway for the region, as it is also connected to northern and central India via the national railway network and the NH8 highway.<\/p>\n

REMEMBER-<\/strong> The IMEC project kicked off<\/a> operations back in June to focus on establishing the first leg between India and the UAE via sea and rail links. Efforts are currently underway to streamline procedures across the Indian ports of Mundra, Kandla and Nhava Sheva, as well as the UAE ports of Jebel Ali and Fujairah.<\/p>\n

Not the first local player to have hands in the port: <\/strong>Logistics giant DP World inked an MoU with JNPA to develop India\u2019s Vadhvan Port back in October 2023<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"

The USD 9 bn Vadhvan Port is set to expand the country\u2019s export capability significantly<\/p>\n","protected":false},"author":1,"featured_media":100906,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1557],"tags":[25,99],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-100905","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-investment-watch","tag-logistics","wpautop","entry"],"acf":{"mongo_id":"cd4e6d99-31a9-43d0-bc15-aff9ae2f23fb","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/1961.jpg","photo_position":"above","homepage_title":"","full_issue_title":"NMDC Group to invest nearly USD 2.4 bn into India\u2019s Vadhvan port","related_issue":[100893],"teaser":"The USD 9 bn Vadhvan Port is set to expand the country\u2019s export capability significantly","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.e110e609-bea2-415a-b843-21c651565fa7.mp3"},"yoast_head":"\nNMDC Group to invest nearly USD 2.4 bn into India\u2019s Vadhvan port - 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