JNPT-SEZ expects to generate Rs 4,000 Crores of investments and create 57,000 direct jobs

JNPT

India’s biggest container handling terminal, JNPT has chalked out some aggressive plans in the coming years. Addressing a session in the recently held Maritime India summit, JNPT chairman, Mr Sanjay Sethi, IAS, shared his thoughts on the importance of Developing Mega Ports with world-class infrastructure whilst Developing Smart Ports to improve Ease of Doing Business and the impact of Digitization of the Ports and Terminals.

He spoke about how the Maritime industry will evolve over the coming years – increasing the importance for both public and private players to develop an ecosystem and formulate policies & strategies to prepare for it. The Chairman also talked on the impact of Digitization of the Ports and Terminals – AI, IoT, 5G led transformation and Evolving models for port development: PPP and landlord model.

“JNPT-SEZ aims to slash cost, help in moving goods to and from ports quickly, efficiently, and cost-effectively to increase the competitiveness of the sector”

In another session Mr Unmesh Sharad Wagh, IRS, Deputy Chairman, JNPT highlighted how JNPT-SEZ is expected to generate Rs 4,000 Crores of investments and create 57,000 direct jobs and generate total employment with multiplier effect to the tune of 150,000, generating substantial employment opportunity once fully occupied.

JNPT-SEZ aims to slash cost, help in moving goods to and from ports quickly, efficiently, and cost-effectively to increase the competitiveness of the sector. With the introduction of port-based SEZ, the hinterlands of JNPT are being industrialized and this is prompting an economic transformation.

“JNPT accounts for around 52% of the total containerised cargo volume across major ports of India”

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 Rs. 27000 crores. On behalf of JNPT, the MoUs were signed by Mr Sanjay Sethi, IAS, Chairman, JNPT in the presence of Mr Unmesh Wagh, IRS, Deputy Chairman, JNPT. Companies such as DP World, JM Baxi & Co., Ganesh Benzo, BPCL, NITIE, SS G Pharma Pvt. Ltd., Sooraj Agro, JWR logistic Pvt. Ltd., Cineline India Ltd. signed MoUs towards Manufacturing, IT services, Warehousing/Cold Storage, FTWZ, Pharma, Confectionery Manufacturing, Engineering Services and Food Processing to strengthen port-led industrialization at JNPT.

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