The Vadhvan port in the Palghar district is set to become operational by 2030. This deep-water port, approved by the Union Cabinet on June 19, is the largest of its kind in India. Prime Minister Narendra Modi laid the foundation stone for this project on August 30, 2024. The port will include nine container terminals, each 1,000 meters long, four multipurpose berths, four liquid cargo berths and a Coast Guard berth, with an annual capacity of 298 million metric tons, including 23.2 million twenty-foot equivalent units (TEUs) for containers. The project is regarded as transformative for India’s export-import (EXIM) trade, particularly since the western and northern regions handle 75% of India’s container trade. It will save $100 per vessel, amounting to a 25% cost reduction, by eliminating the need for transshipment through foreign hubs like Jebel Ali, Colombo, and Singapore, according to the port’s chairman.