Japan Int'l Cooperation agency eyes Vadhavan Port funding

08 May 2024 CW Team

Japan International Cooperation Agency (JICA) had initiated preliminary discussions with the Jawaharlal Nehru Port Authority (JNPA) regarding financing for the proposed mega port at Vadhavan near Dahanu in Maharashtra's Palghar district. This marked the second major lender expressing interest in the project.

Previously, the state-owned lender Power Finance Corporation (PFC) had proposed to fully underwrite the total debt amounting to Rs 272.83 billion for constructing the port. The port is designed to handle approximately 298 million tonnes (mt) of cargo annually, including 24.5 million twenty-foot equivalent units (TEUs), with an investment of Rs 762.20 billion.

In April, officials from the JICA India office had a meeting with Unmesh Wagh, Chairman of Jawaharlal Port Authority, to discuss financial assistance for the project. Wagh informed ET Infra that JICA was also interested in the project, impressed by the structure devised by JNPA for its implementation and the potential the new port holds.

Wagh further explained that the project had garnered considerable interest from potential lenders due to its well-structured plan, all requisite clearances being in place, meticulously projected traffic forecasts, and the project being spearheaded by the most efficient port in India with solid financial projections for the next 30 years.

Equipment

12 Dec 2025

Escorts Kubota Unveils BS V Next-gen Construction Range at Excon 2025

Escorts Kubota (EKL), one of India’s major engineering groups in the agricultural and construction equipment sectors, unveiled its latest BS V–compliant construction machinery line-up at Excon 2025. The refreshed portfolio underscores the company’s push toward application-driven, high-productivity solutions that reduce ownership costs and meet the needs of India’s expanding infrastructure landscape. With demand rising across urban development, industrial logistics and mining, the new range aims to deliver higher performance, durability and operator comfort.In the earthmoving segment, E..

ACE and Kotak Mahindra Bank Join Hands to Boost Backhoe Loader Financing

Action Construction Equipment (ACE), the world’s largest Pick-n-Carry crane maker and a leading manufacturer of material handling and construction equipment in India, has entered into a Memorandum of Understanding with Kotak Mahindra Bank to enhance the availability of flexible financing options for backhoe loader customers across the country.The collaboration aims to support contractors, infrastructure companies, entrepreneurs, SMEs, and emerging businesses by offering smoother access to credit through customised loan schemes, quicker turnaround times, and the extensive footprint of Kotak M..

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..