Nhava Sheva: Jawaharlal Nehru Port Trust (JNPT), India’s premier container port, announced on February 24 that it 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 in line with the Maritime India Summit 2021 to be held online from March 2 to 4. The MoU was signed by Sanjay Sethi, chairman, JNPT in the presence of Unmesh Wagh, deputy chairman, JNPT.

The investments by DP World, JM Baxi & Co., Ganesh Benzo, BPCL, NITIE, SS G Pharma Pvt. Ltd., Sooraj Agro, JWR logistic Pvt. Ltd., Cineline India Ltd. 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, Sanjay 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 Rs. 27,000 crores 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.”

Ports will play a crucial role in reforming India’s economy, aiding in achieving development goals to establish itself as a strategic trade hub on the regional and international stages. The Maritime India Summit-2021 will provide a unique platform for getting vast investment opportunities in each of the Indian maritime states and union territories.