UAE-based NMDC Group PJSC (formerly National Marine Dredging Company PJSC) signed a Memorandum of Understanding (MoU) with the Jawaharlal Nehru Port Authority on Tuesday, proposing an investment of ₹21,000 crore for the development of offshore land through dredging, reclamation, and shore protection for Vadhvan Port in Maharashtra.
Highlighting the MoU’s significance, Unmesh Sharad Wagh, IRS, Chairman, JNPA, stated in an official release, “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.”
The MoU was exchanged between officials of JNPA and Abu Dhabhi-headquartered NMDC Group PJSC, the release added.