Maharashtra, Singapore Review Progress of Mega Container Port Project

Maharashtra and Singapore have advanced their collaboration on one of India’s most significant infrastructure ventures — the Bharat Mumbai Container Terminal at Uran. With inauguration slated later this year by Prime Minister Narendra Modi and Singapore’s Prime Minister Lawrence Wong, the project is expected to redefine India’s maritime trade and foreign investment landscape.

Prime Minister Narendra Modi and Singapore’s Prime Minister Lawrence Wong are expected to jointly inaugurate India’s largest container port at Uran later this year. Ahead of the milestone, Maharashtra Chief Minister Devendra Fadnavis met Singapore’s Deputy Prime Minister Gan Kim Yong and Transport Minister Jeffrey Siow to review Phase 2 of the Bharat Mumbai Container Terminal.

The terminal, operated by Singapore-based PSA International, represents the single largest foreign investment in India at $1.3 billion. With a capacity to handle 4.8 million TEUs and featuring the country’s longest wharf at 2,000 metres, the facility is set to significantly enhance India’s maritime infrastructure. Port authorities noted that the project will boost trade efficiency and strengthen global connectivity. The visiting delegation also toured the site to assess its infrastructure and operational preparedness.

During his visit, Deputy PM Gan Kim Yong inaugurated CapitaLand Investment’s new data centre in Navi Mumbai. The company is investing $453 million in the project through CapitaLand India Trust. An MoU was also signed between CapitaLand Investment and the Maharashtra government for the development of a multi-specialty hospital in Nagpur, in partnership with Manipal Health Enterprises.

Additionally, the Maharashtra government inked an MoU with Mapletree Investments, which will invest Rs 3 billion in the development of industrial parks, logistics hubs, and data centres in the state, further strengthening foreign direct investment inflows.

News source: Maritime Gateway

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