JNPT signs 30 MoUs worth 27,000 crore for port-led industrialisation

February 25, 2021: Jawaharlal Nehru Port Trust (JNPT) has announced 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 27,000 crores in line with the Maritime India Summit 2021 to be held online from March 2 to 4.

The MoU was signed by Shri Sanjay Sethi, IAS, Chairman, JNPT in presence of Shri Unmesh Wagh, IRS, 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, confectionery manufacturing, engineering services, food processing.

Sanjay Sethi, IAS, chairman, JNPT, 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. Even during these trying times, JNPT has attracted around $27,000 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.”

Maritime India Summit
Maritime India Summit, the flagship initiative of the Minister of State for Ports, Shipping & Waterways (MoPSW), is being organised in the month of March 2021 to promote both domestic and international investment in the Indian ports and maritime sector. The virtually held event will comprise a 3-day summit and exhibition from March 2, 2021 – March 4, 2021. The MIS 2021 will be inaugurated by prime minister Narendra Modi, followed by a welcome address by Mansukh Mandaviya, MoS for ports, shipping and waterways.

Considering the prevailing Covid-19 pandemic, the summit will be held virtually. The event is being organized by the ministry of ports, shipping and waterways (MoPSW) jointly with FICCI as the industrial partner and EY as the knowledge partner, will have 24 partner countries as participants and will showcase more than 400 projects.

JNPT chairman Sanjay Sethi will be the convenor for the Plenary Session 1: Developing World Class Ports. He will emphasize the importance of developing mega ports with world-class infrastructure; developing 'smart ports' to improve Ease of Doing Business; The impact of digitization of the ports and terminals – AI, IoT, 5G led transformation and evolving models for port development: PPP and landlord model. Also, Unmesh Sharad Wagh, deputy chairman, JNPT is the convenor of a special session on investment opportunities in Maharashtra where he is going to highlight the investment opportunities JNPT SEZ.