Sourcing India Builds New Deep-Water Port India has announced the construction of Vadhavan, a new $9.14 billion deep-water port near Mumbai, Maharashtra.Please login to continue reading Login This strategic initiative aims to enhance India's global connectivity through the India-Middle East-Europe Economic Corridor (IMECC). Vadhavan will accommodate mega vessels and manage diverse imports like petroleum and automobiles.By 2040, it aims to handle up to 23 million TEUs annually, playing a crucial role in international trade routes, per UPS.Sourcing