JNPT signs over 30 MoUs to strengthen port-led industrialization in India

Jawaharlal Nehru Port Trust (JNPT) has signed over 30 MOUs (Memorandum of Understanding) with potential investors for port projects, technology transfer and development of plots in JNPT SEZ for an amount of around Rs27000 crore. The MoU was signed by Sanjay Sethi, IAS, Chairman, JNPT in presence of Unmesh Wagh, IRS, Deputy Chairman, JNPT. The investments by DP World, JM Baxi & Co., Ganesh Benzo, BPCL, NITIE, SS G Pharma, Sooraj Agro, JWR Logistic, Cineline India are some of the companies that have signed MoUs towards Manufacturing, IT services, Warehousing/Cold Storage, FTWZ, Pharma, Confectionary Manufacturing, Engineering Services, Food Processing.
Speaking on the occasion, Sethi 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. We have signed over 30 MoUs with various companies at the ‘Maritime India summit’. This will help establish JNPT as one of the premier investment destinations in the country, as we continue to remain an attractive investment destination even after the impact of COVID -19 across the globe. Even during these trying times, JNPT has attracted around Rs27,000 crore worth of new investments. The signing of the MoUs will provide vast employment opportunities and various benefits to the EXIM Trade. Additionally, this will open opportunities within India and in the international coastal lines.”