Vadhvan Port in Maharashtra to generate 12 lakh jobs for youth, women: Sonowal
Vadhvan Port in the Palghar district of Maharashtra will generate 12 lakh jobs for the local youth and women besides creating multiple facilities for the people of the area once it becomes operational, Union Minister Sarbananda Sonowal said on Friday. Speaking at the foundation stone laying ceremony of the port project at CIDCO ground in Palghar, Sonowal also said that India has earned a name as a maritime nation in the world under the guidance of Prime Minister Narendra Modi who has taken a slew of initiatives for the maritime sector in the last 10 years.
Modi laid the foundation stone for the mega project in the presence of Maharashtra Governor C P Radhakrishnan, state chief minister Eknath Shinde and deputy chief ministers Devendra Fadnavis and Ajit Pawar.
The prime minister during his visit to the state also inaugurated, laid foundation stoned for 218 fisheries projects worth Rs 1,560-crore in Palghar besides addressing the 2024 edition of three-day Global Fintech Fest in Mumbai, which culminated here on Friday.
To be built as an all-weather, greenfield deep draft port 150 km from Mumbai, which got the Union Cabinet's nod in June this year, the maritime project will see an investment of Rs 76,200 crore, which includes the development of core infrastructure, terminals and other commercial infrastructure in public-private partnership (PPP) mode.
The first phase of the port project is expected to be completed by 2029.
«This port project is a big gift from the Prime Minister to the people of Maharashtra and the
