On Friday, Prime Minister Narendra Modi laid the groundwork for Vadhvan Port, a huge project in Palghar, Maharashtra, that aims to become India's largest deep-water port. The port, worth Rs 76,220 crore, is expected to significantly boost India's trade due to its strategic position and large capacity.

Vadhvan Port will strengthen its connection with Central Asia and Russia while also boosting trade via the International North-South Transport Corridor (INSTC) and the India-Middle East-Europe Economic Corridor. It is also projected to reduce the pressure on Jawaharlal Nehru Port, which is currently India's largest container-handling port, reported ANI.