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JNPT signs MoUs to boost Indian port industrialisation

JNPT signs MoUs to boost Indian port industrialisation
Jawaharlal Nehru Port is India's biggest container port

Jawaharlal Nehru Port Trust (JNPT) has signed more than 30 memorandums of understanding (MoU) with potential investors for port projects, technological advancements and development of plots in the port’s special economic zone (SEZ).

Worth around INR27,000 crore (US$3.7m), the investment partners include DP World, JM Baxi & Co., Ganesh Benzo, BPCL, NITIE, SS G Pharma Pvt. Ltd., Sooraj Agro, JWR logistic Pvt. Ltd and Cineline India Ltd.

It is hoped that the MoUs will help drive improvements in manufacturing, IT services, warehousing/cold storage, pharmaceuticals, confectionary manufacturing, engineering services and food processing.

Shri Sanjay Sethi, IAS, JNPT’s chairman, said: “JNPT is dedicated towards setting quality benchmarks for the port industry across the globe and we have systematically invested in improving the port’s operating efficiency and handling capacity to enable seamless trade escalating its growth trajectory.

“The signing of the MoUs will provide vast employment opportunities and various benefits to the export import (EXIM) trade. Additionally, this will open opportunities within India and in the international coastal lines.”

Currently, JNPT is gearing up for the Maritime India Summit in early March, which aims to promote domestic and international investment in the country’s ports and maritime sector.