The country’s premier container port, Jawaharlal Nehru Port Trust (JNPT) announced it registered a throughput of 344,316 TEUs in container handling in July 2020. The port had handled a total of 196 vessels, taking the overall cargo handling last month to 4.85 million tones, which is 19% higher as against 4.07 million tonnes handled in June 2020.
Commenting on the results, Sanjay Sethi, IAS, Chairman, JNPT said, “JNPT will continue to extend support for the country’s economic growth and perform its duties to steadfast growth trajectory of the port sector. In July, we have seen exports increasing and expect even the Imports to get back to normal by the end of this month. There were few ups and downs, but we have managed to keep the operations up and running. Also, JNPT is the first port where Port-led economic development is evolving successfully, and we are confident of attracting leading global companies for investing here at JNPT SEZ.”
In July, JNPT received the operational status for India’s first port-based special economic zone, JNPT SEZ. The multi-product port-based SEZ aims to boost exports by enabling port-led industrialisation under the Sagarmala program of the Shipping Ministry. Five units have started their construction activities and amongst them, two units have recently started their operations in SEZ successfully.
In another major accomplishment last month, Hindustan Infralog Private Limited (HIPL), a joint venture between DP World and National Investment & Infrastructure Fund (NIIF), announced an investment of Rs 1000 crore in developing its Nhava Sheva Business Park (NSBP) Free Trade Zone (FTZ) situated at JNPT. The project is expected to be completed by the end of 2021, and will offer long-term advantages to domestic as well as global traders and manufacturers, by enabling reliable and fast movement of cargo.