There are two possible takes on the $10bn development of a greenfield port at Vadhavan, some 120 miles north of Mumbai – although given they are not mutually exclusive, you could hold both, one or neither.
You choose.
Option One: it’s a domestic play on the part of state-owned Jawaharlal Nehru Port Trust to claw back market share from India’s leading private operator Adani, and its hugely successful Mundra port further north …
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