Terminal Investment Ltd Sarl (TIL) has signed a memorandum of understanding (MoU) with the Jawaharlal Nehru Port Authority (JNPA), proposing to invest Rs 20,000 crore for constructing the Vadhvan Port Project.

TIL, headquartered in Geneva, invests in, develops, and manages container terminals across the globe.

It is active in 31 countries across five continents. Put together, 70 container terminals, in which the company owns a stake, handled about 65 million twenty-foot equivalent units (TEUs) in 2023.

TIL’s majority owner and the main customer is the Mediterranean Shipping Company (MSC), the world's largest shipping line.

Unmesh Sharad Wagh, IRS, chairman at JNPA and chief managing director (CMD) of the Vadhvan Port Project (VPPL), said, “The MoU with TIL Sàrl marks a significant step in our vision for the Vadhvan port, which is poised to redefine port infrastructure in India. This partnership not only reflects the confidence of global investors in India’s maritime sector but also ensures the integration of cutting-edge technology, sustainable practices, and world-class infrastructure. Together, we aim to create a port ecosystem that sets new benchmarks in efficiency and innovation.”