Developing Smart Ports And Natural Gas Solutions

In 2017, following our founder’s vision, we embarked on a journey of exploring innovative opportunities and customer-oriented smart services in port and gas related infrastructure business.

In line with the traditional shipping business, a new division was set up for the development of smart ports and natural gas supply chain solutions.

It will not only meet India’s growing long-term need for natural gas in its energy mix to support the cause of climate change, but will also become a great value addition to the society, stakeholders, environment and an overall growth of the organization.

Putting The Country First

The core objectives of this division involve developing innovative marine transportation solutions for natural gas as well as creating world-class smart port infrastructure for natural gas, chemicals and white cargo. Together, these will cater to the long-term demand for ports and boost India’s economic growth.

Development Of Bhavnagar Port

Leveraging its international expertise in global shipping, offshore drilling and international trade, Foresight Group commenced the project in joint venture with Padmanabh Mafatlal Group. Headquartered in Mumbai, the group is one of India’s most respected and successful family businesses with over 100 years of industrious heritage.

The joint venture company, Bhavnagar Port Infrastructure Pvt Ltd, was incorporated in 2019 with its head office in Ahmedabad, Gujarat.

The group also finalized technical collaboration with Royal Boskalis Westminster – The Netherlands, the world’s leading port and marine infrastructure developer company.

In 2020, the Foresight Group-led consortium received an approval for development of multipurpose brownfield port infrastructure including the world’s first CNG Import Terminal at Bhavnagar Port in the state of Gujarat, India on BOOT (Build, Own, Operate and Transfer) basis for 30 years with a 25-year roll over option.

The phase-wise project construction is expected to begin in 2022, after obtaining necessary approvals and clearances. Phase I is expected to commence operations by 2025.

Our team will be pleased to assist you with your queries