Putting The Country FirstThe 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.
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.