On Wednesday, India approved a $9.1 billion greenfield port in Vadhavan, Maharashtra, potentially revolutionizing global trade routes from Mumbai to St. Petersburg with a state-of-the-art facility.
India has announced the approval of an ambitious $9 billion mega port linking India with Russia via Mumbai and St. Petersburg. This colossal new port to be built at Vadhavan on the west coast will transform global commerce. It's set to be one of the world's largest. This deep water port will not only boost trade but also strengthen the International North-South Transport Corridor, linking Pakistan, Afghanistan, Iran, and Uzbekistan as well. The government aims for it to play a vital role in the India-Middle East-Europe Economic Corridor. This international trade corridor is projected as an alternative to the strategic Suez Canal, which is as we speak being disrupted by the Houthis supported by the Iranians, Russians, and Chinese. India has announced the approval of an ambitious $9 bi...
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