On April 8, 2025, the government of Maharashtra has approved Rs 34 billion for the Maharashtra Maritime Board (MMB) to support the Vadhvan Port development in Dahanu taluka, Palghar district. This contribution represents 26 per cent of the project’s total estimated cost of Rs 762.2 billion, with the Jawaharlal Nehru Port Authority (JNPA) financing the remaining 74 per cent.
The port is set to become India’s largest upon completion and will function as a satellite port to JNPA. The project will be executed through Vadhvan Port Project Limited, a joint venture between JNPA and MMB. Funds will be released in phases, and MMB has been authorised to secure a loan of about Rs 70.94 billion, aligning with its 24 per cent share of the Rs 272.83 billion to be raised for the project.