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JNPA Among Top Global Ports with 10+ Million TEUs Capacity

Written by: Team Angel OneUpdated on: Jan 22, 2025, 3:30 PM IST
Union Minister Sarbananda Sonowal launched ₹2,000 crore capacity expansion projects at JNPA, boosting its global trade readiness and efficiency.
JNPA Among Top Global Ports with 10+ Million TEUs Capacity
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The Jawaharlal Nehru Port Authority (JNPA), India’s largest container port, is setting new benchmarks in global maritime trade. Union Minister of Ports, Shipping & Waterways, Shri Sarbananda Sonowal recently inaugurated multiple capacity enhancement projects worth ₹2,000 crore at the Mumbai-based port. These developments further solidify JNPA’s position among the world’s top ports.

Record-Breaking Milestones at JNPA

  1. Container Handling Growth:
    In 2024, JNPA achieved a historic milestone by handling 7.05 million TEUs (Twenty-Foot Equivalent Units), operating at over 90% capacity. With the upcoming Bharat Mumbai Container Terminal (BMCT) second phase in January 2025 and the upgradation of the Nhava Sheva Freeport Terminal (NSFT), JNPA’s capacity will expand to 10.4 million TEUs by 2027.
  2. Solar and Safety Innovations:
    The launch of a solar-powered boat, two 70T indigenously developed tugs, and three fire tenders enhance port efficiency and safety.

Strategic MoUs and Investments

  1. Vadhavan Port Project:
    MoUs signed for Vadhavan Port include:
  • ₹645 crore investment by Reliance Industries Limited for a Liquid Jetty and 50 acres of land under the PPP model.
  • Partnership with HUDCO for up to ₹25,000 crore funding for port development.
  1. Agro-Processing Facility:
    A state-of-the-art agro-processing facility with a ₹284 crore investment was launched. This 27-acre facility will process 1.2 million tonnes of agricultural cargo annually, benefiting Maharashtra, Madhya Pradesh, and Gujarat.
  2. Warehousing and Community Initiatives:
    A ₹300 crore warehousing facility and a CBSE school within the port premises were announced, reflecting JNPA’s commitment to socio-economic development.

JNPA SEZ: A Game-Changer in Industrial Development

India’s first port-based operational multi-product SEZ, JNPA SEZ, spans 277.38 hectares. Highlights include:

  • 124 hectares leased to 54 units in sectors such as warehousing, food processing, and manufacturing.
  • Leading investors like Welspun One, DP World, and Fine Organics.
  • Significant EXIM trade growth, from ₹13,939 crore in FY 2023-24 to ₹7,314 crore in FY 2024-25 (up to December).

Vision for the Future

Union Minister Sonowal emphasised the importance of future-ready ports to support India’s growing trade volumes. By leveraging innovation and sustainability, JNPA is positioned to drive India’s marine sector towards becoming a global leader.

Conclusion

The ₹2,000 crore capacity expansion projects underscore JNPA’s role as a critical gateway for India’s global trade. With a focus on infrastructure, innovation, and sustainability, JNPA continues to bolster India’s economic growth and competitiveness.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jan 22, 2025, 3:30 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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