HUDCO inks MoU with VPPL for funding Rs 25,000 cr to develop new ports

In a major boost to India's maritime infrastructure, the Housing and Urban Development Corporation (HUDCO) has signed a Memorandum of Understanding with Vadhvan Port Project Limited (VPPL) to provide funding of up to Rs 25,000 crore for new port development and Public-Private Partnership projects. This strategic partnership, announced on January 21, 2025, aims to leverage HUDCO's financial expertise and VPPL's infrastructure development capabilities. The collaboration is expected to significantly accelerate the growth of India's port sector, enhancing the country's global trade competitiveness and economic growth potential.

Source: Press Trust of India (PTI)