(THE NEWSMAN OF INDIA.COM) Mumbai, February 19th, 2025: Jawaharlal Nehru Port Authority – India’s Best Performing Port, has signed a Memorandum of Understanding (MoU) for the construction of the Vadhvan Port Project Ltd., establishing an important collaboration with NMDC Group PJSC (Formerly National Marine Dredging Company PJSC) on Tuesday, February 18th, 2025. JNPA’s commitment to enhancing India’s port infrastructure and transforming Vadhvan Port into one of the top 10 ports globally, port of the future is demonstrated by this association. It was exchanged by Unmesh Sharad Wagh, IRS, Chairman, JNPA and CMD, VPPL, and Yasser Zaghloul.

According to the Memorandum of Understanding, NMDC Group PJSC has proposed to invest an estimated ₹21,000 crore for the development of the Land Offshore of Vadhvan Coast by Dredging, Reclamation and Shore Protection of Vadhvan Port. Through the MoU, NMDC Group PJSC is showcasing its steadfast commitment to India’s maritime growth. NMDC Group PJSC, with its head office in Abu Dhabi, UAE, works throughout the Middle East and beyond, it is a well-known name in the engineering, marine dredging, procurement, and construction sectors. While highlighting the significance of the MoU, Unmesh Sharad Wagh, IRS, Chairman, JNPA and CMD, VPPL, said, “The MoU between JNPA and NMDC Group PJSC is a significant step towards developing Vadhvan Port as a world-class maritime hub. This collaboration brings global expertise to one of India’s most ambitious port projects, ensuring its strategic and sustainable development. With progress ahead of schedule, we are committed to accelerating infrastructure development and enhancing India’s port capabilities to meet future trade demands.” Earlier, several MoUs were signed for VPPL in the presence of the Sarbananda Sonowal, Union Minister of Ports, Shipping and Waterways and Shantanu Thakur, Union Minister of State for Ports, Shipping and Waterways, during their visit to JN Port.