JNPT signs MoUs worth Rs 27,000 Crs

Screenshot 2021-03-16 112421

   To strengthen port led industrialization Jawaharlal Nehru Port Trust (JNPT), India’s premier container port, recently announced that it 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.

    Some of the companies that signed MoUs for investments included DP World, JM Baxi & Co., Ganesh Benzo, BPCL, NITIE, SS G Pharma Pvt. Ltd., Sooraj Agro, JWR logistic Pvt. Ltd., Cineline India Ltd.

   These MoUs pertain towards Manufacturing, IT services, Warehousing/Cold Storage, FTWZ, Pharma, Confectionary Manufacturing, Engineering Services, Food Processing said an official release from JNPT.

30 MOUs for port projects, technology transfer and development of plots in JNPT SEZ

   Commenting on this JNPT Chairman Mr. Sanjay Sethi, IAS said “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. 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.”

   ‘Maritime India Summit’, is a flagship initiative of the Minister of State for Ports, Shipping & Waterways (MoPSW), Government of India and is organised to promote both domestic and international investment in the Indian Ports and Maritime sector.

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