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JNPT signs MoUs worth around 27,000 crore, to strengthen port-led industrialization in India

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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.

NEW DELHI: Jawaharlal Nehru Port Trust (JNPT), India’s premier container port, today 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 27000 crore in line with the Maritime India Summit 2021 to be held online from March 2 to 4.

The MoU was signed by 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, Confectionary Manufacturing, Engineering Services, Food Processing.

Speaking on the occasion, Sethi, IAS, Chairman, JNPT 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 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’, the flagship initiative of the Minister of State for Ports, Shipping & Waterways (MoPSW), Government of India 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 of a 3-day Summit and Exhibition from 2nd March 2021 – 4th March 2021. The MIS 2021 will be inaugurated by Indian Prime Minister, Shri 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 Industrial Partner and EY as Knowledge Partner, will have 24 partner countries as participants and will showcase more than 400 projects.

JNPT Chairman, Sethi, IAS will be the convenor for the Plenary Session 1: Developing World Class Ports. He will emphasize on 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, Shri Unmesh Sharad Wagh, IRS, 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.

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.

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