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.