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Saturday / June 22. 2024
HomeCountryIndiaJNPA inks MoUs with PSA (India) and CMA CGM for development of Greenfield Port at Vadhvan

JNPA inks MoUs with PSA (India) and CMA CGM for development of Greenfield Port at Vadhvan

 JNPA achieved a remarkable milestone by recording its highest-ever throughput of 6.43 million TEUs in the fiscal year 2023-24.

The Jawaharlal Nehru Port Authority (JNPA) has signed two significant Memorandums of Understanding (MOUs) with PSA (India) and CMA CGM, committing a total investment of Rs 40,000 crore for the development of the Greenfield Port at Vadhvan. This announcement comes as JNPA celebrates its 35th anniversary, having established itself as India’s largest container port since its inception in 1989.

The port achieved a remarkable milestone by recording its highest-ever throughput of 6.43 million TEUs in the fiscal year 2023-24. JNPA has consistently handled over 6 million TEUs annually in recent years. Currently, JNPA operates five container terminals: NSFT, NSICT, NSIGT, BMCT, and APMT, along with a Shallow Water Berth for general cargo and a Liquid Cargo Terminal managed by the BPCL-IOCL consortium. A newly constructed coastal berth further enhances its capabilities. Spanning 277 hectares, JNPA also operates a multi-product Special Economic Zone (SEZ) designed to boost export-oriented industries with state-of-the-art infrastructure.

Unmesh Sharad Wagh, Chairman of JNPA, reflected on the port’s journey, said, “As we mark 35 years of JNPA’s impressive journey, we look back on our accomplishments in advancing India’s maritime infrastructure. Our dedication to innovation, efficiency, and sustainability has established JNPA as a leader in global port operations. This milestone underscores the commitment of our team and the support of our stakeholders.”

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