August 14, 2025: Prime Minister Narendra Modi and his Singaporean counterpart, Lawrence Wong, are set to inaugurate India’s largest container port at Uran later this year. In the run-up to the event, Maharashtra Chief Minister Devendra Fadnavis, Singapore’s Deputy Prime Minister Gan Kim Yong and Transport Minister Jeffrey Siow inspected progress on Phase 2 of the Bharat Mumbai Container Terminal (BMCT) on Tuesday.
Developed by PSA International, the Port of Singapore Authority, the container terminal represents the single largest foreign investment in an Indian port—1.3 billion dollars—and boasts a capacity of 4.8 million TEUs alongside the country’s longest wharf at 2,000 metres. The visiting dignitaries from both nations toured the facilities, reviewing operational readiness ahead of its formal opening.
During the visit, Yong also inaugurated CapitaLand Investment’s (CLI) new data centre in Navi Mumbai. The facility, backed by an investment of 453 million dollars through CapitaLand India Trust, reflects the group’s growing commitment to India’s digital infrastructure sector. An MoU was signed between CLI and the Maharashtra government to further this partnership. Fadnavis announced that CLI, which holds a major stake in Manipal Health Enterprises Pvt Ltd, will establish a multi-specialty hospital in Nagpur as part of its India expansion strategy.
A second MoU was signed with Mapletree Investments Pte Ltd, under which the Singapore-based real estate development group has pledged foreign direct investment worth Rs 300 crore in Maharashtra. The funds will be directed towards the development of industrial parks, logistics parks and data centres, further bolstering the state’s industrial and digital growth plans.
The twin agreements, combined with PSA’s record-breaking port investment, underscore the deepening economic and strategic ties between India and Singapore, while positioning Maharashtra as a key destination for high-value, infrastructure-driven foreign investment.
Source: Economic Times
