Prime Minister Narendra Modi on Friday will lay the foundation stone of Vadhvan Port worth over Rs 76,000 crore during his visit to Maharashtra.  It aims to establish a world-class maritime gateway that will boost the country’s trade and economic growth by catering to large container vessels, offering deeper drafts, and accommodating ultra-large cargo ships.

Giving details of his visit, Prime Minister’s Office (PMO) said here on Thursday, Prime Minister Modi will visit Mumbai and Palghar in Maharashtra.  He will address Global Fintech Fest (GFF) 2024 at the Jio World Convention Centre in Mumbai. Thereafter, Prime Minister will inaugurate and lay the foundation stone of various development projects at CIDCO ground, Palghar.

He will lay the foundation stone of Vadhvan Port. Located near Dahanu town in Palghar district, the port will be one of India’s largest deep-water ports and will provide direct connectivity to international shipping routes, reducing transit times and costs.

Equipped with state-of-the-art technology and infrastructure, the port will feature deep berths, efficient cargo handling facilities, and modern port management systems. The port is expected to generate significant employment opportunities, stimulate local businesses, and contribute to the overall economic development of the region.

The Vadhvan Port project incorporates sustainable development practices, with a focus on minimizing environmental impact and adhering to stringent ecological standards. Once operational, the port will enhance India’s maritime connectivity and further strengthen its position as a global trade hub.

Prime Minister Modi will also inaugurate and lay the foundation stone of 218 fisheries projects worth around Rs 1,560  crores, aimed at bolstering the sector’s infrastructure and productivity across the nation. These initiatives are expected to generate more than five lakh employment opportunities in the fisheries sector.