JNPT signs MoUs to strengthen port-led industrialization in India

JNTP signs MoUs to strengthen port-led industrialization in India

Jawaharlal Nehru Port Trust (JNPT), India’s premier container port 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 crores in line with the Maritime India Summit 2021. The MoU was signed by Sanjay Sethi, IAS, Chairman, JNPT in presence of Unmesh Wagh, IRS, Deputy Chairman, JNPT. Speaking on the occasion, Sanjay 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.”

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. 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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