India's biggest port construction company aims to generate Rs. 30,000 crore (US$ 3.46 billion) for the Vadhvan project.

Vadhvan Port Project Ltd. is on track to be the largest port in India and aims to raise up to ₹30,000 crore (approximately US$3.46 billion) through debt financing, offering lenders an opportunity to invest in one of Prime Minister Mr. Narendra Modi's significant infrastructure projects. The firm plans to obtain financing with maturities ranging from 15 to 20 years via both domestic and international markets, as stated by Mr. Unmesh Sharad Wagh, the chairman of the Jawaharlal Nehru Port Authority (JNPA), which holds a 74% share in the venture. The remaining 26% is owned by the Maharashtra Maritime Board. The port, which has a projected cost of ₹78,057 crore (US$9 billion) and had its foundation stone laid last year, is scheduled for completion by the decade's end with a capacity to manage 23 million container units, positioning it among the top 10 largest ports globally. IDBI Capital has been chosen to provide guidance on acquiring long-term lenders, aiming to secure at least ₹22,000 crore (US$2.54 billion) in the first funding round, which will be distributed over five years, with funding proposals invited from lenders between October and December. JNPA and the Maharashtra Maritime Board plan to jointly invest around ₹13,000 crore (US$1.5 billion) in equity. The project entails the reclamation of 1,200 hectares of land and is currently negotiating with multilateral institutions. The natural depth of Vadhvan Port at 20 meters will allow it to accommodate some of the largest container vessels that currently avoid Indian ports due to inadequate depths. Furthermore, it is anticipated to become a vital hub in the India–Middle East–Europe Corridor, enhancing trade connections in the area. Strengthening maritime infrastructure is a priority for the government, supported by the newly introduced Maritime Development Fund, which will provide financial tools to bolster the sector.