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On June 21, according to the International Shipping Network, India approved plans to build a new port-Vadhavan Port- on the north coast of Mumbai. The Vadhavan Port, with investment of more than $9.1 billion, is designed to increase port capacity and be part of a vital trade corridor between India, the Middle East, and Europe. If the construction of the port begins, it is expected to drive the growth of market demand for local port machinery such as cranes and cranes in India, and further enhance India's international trade service capabilities.
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