Reliance Industries (RIL) signed a memorandum of understanding (MoU) with Vadhvan Port Project Limited (VPPL) for allocation of a liquid jetty along with 50 acres at Vadhavan port under the public-private partnership (PPP) model. The investment is estimated to be worth Rs 645 crore and is likely to commence by 2030.
 
Further, Housing and Urban Development Corporation (Hudco), in an agreement with VPPL, has committed to provide funding of up to Rs 25,000 crore for the development of new ports and PPP projects.
 
The MoUs were signed in the presence of Union Minister of Ports, Shipping, and Waterways, Sarbananda Sonowal.

In December 2024, Terminal Investment Ltd Sàrl (TIL), a Switzerland-based terminal operator, signed an MoU to invest Rs 20,000 crore for construction of the Vadhvan Port Project.