in Container Shipping among the state owned ports of the country, JNPT near
Mumbai has signed over 30 Memorandum of Understanding with potential investors
for Port Projects, technology transfers and development of plots in the Port's
special economic zone to the tune of about rs 27,000 crores.
were signed during the recently concluded Maritime India summit which concluded
earlier this week.
signed MoU with JNPT
Companies such as DP World, JM Baxi & Co., Ganesh Benzo, BPCL, NITIE,
SS G Pharma Pvt. Ltd., Sooraj Agro, JWR logistic Pvt. Ltd., Cineline India Ltd.
signed MoUs towards Manufacturing, IT services, Warehousing/Cold Storage, FTWZ,
Pharma, Confectionary Manufacturing, Engineering Services and Food Processing
to strengthen port-led industrialization at JNPT
On behalf of JNPT, the MoUs were signed by Chairman of the Port Sanjay Sethi, in the presence of the d eputy chairman of the port Unmesh Sharad Wagh.
JNPT-SEZ is expected
to generate Rs 4,000 Crores of investments and create 57,000 direct jobs
Speaking at the summit Mr Wagh highlighted, how JNPT-SEZ is expected to
generate Rs 4,000 Crores of investments and create 57,000 direct jobs and
generate total employment with multiplier effect to the tune of 150,000,
generating substantial employment opportunity once fully occupied.
deputy chairman Wagh also highlighted how Vadhvan Port will
be a Game Changer for the Maritime Industry in India.
The three day long, ‘Maritime India Summit 2021’ concluded on March fifth
with great enthusiasm and fervour, also with new hope and abundant opportunities
in the maritime sector. As India aims to emerge as a leading Blue Economy of
the world, the summit witnessed MoU signings, and investment opportunities.
On the first day of the summit, Chairman of JNPT Sanjay Sethi, India’s
premier container port, hosted the plenary session, Developing World-Class
MIS 2021 provided a powerful platform for international collaboration and
helped bring in partner countries for mutual exchange of knowledge and
Mr Sethi, shared his thoughts on the importance of Developing Mega Ports
with world-class infrastructure whilst Developing Smart Ports to improve Ease
of Doing Business and the impact of Digitization of the Ports and Terminals at
the Maritime India Summit
The Chairman elaborated in brief on the impact of Digitization of the Ports
and Terminals – Artificial Intelligence, IoT, 5G led
transformation and Evolving models for port development: PPP and landlord
the importance of leveraging the port ecosystem for industrialisation
Mr Sethi was also one of the
conveners for the 5th Plenary Session, ‘Port-led Industrialization: Building
Port Cities and Maritime Clusters’. During the session he highlighted the
importance of leveraging the port ecosystem for industrialisation, port cities
transition processes in metropolitan port development. Considering the
significance of maritime infrastructure to India’s economy and to leverage
India’s natural maritime advantages, the Government of India has crafted the
vision of ‘Sagarmala’ and is pushing for ‘port-led industrialization’.
Ports play a crucial
role in reforming India’s economy
play a crucial role in reforming India’s economy, aiding in achieving development
goals and establish itself as a strategic trade hub. JNPT has systemically
invested in enhancing its operational efficiency, technological advancements,
and innovations to enable seamless trade. This will unlock new avenues of
prosperity for the EXIM community and the stakeholders and help JNPT become the
Port of Choice for the Exim Trade.