HomeShipping & LogisticsJNPA bags PPP Ports award

JNPA bags PPP Ports award

Published on

Jawaharlal Nehru Port Authority (JNPA) was acclaimed as the Most Admired Central Entity promoting PPP (Ports) at the “Economic Times Infra Focus Awards 2022” held recently.

The PPP mode of investment in the country’s port sector has witnessed significant progress in the last 25 years. Jawaharlal Nehru Port entered into a historic agreement with the private player, Nhava Sheva International Container Terminal (NSICT), in July 1997, making it the first Port Terminal to be developed on a PPP basis in Major Ports. JNPA was the first Port to enter this agreement, which resulted in capacity addition and improved productivity. For  JNPCT a concession agreement was signed between JNPA and JM Baxi Ports and Logistics Ltd. – CMA Terminals on July 29, 2022, making JNPA India’s first 100% Landlord- Major Port. The award was received by Mr. Unmesh Sharad Wagh, IRS, Dy. Chairman, JNPA.

spot_img

Latest articles

Your Digital Engineers

The crisis of the COVID-19 pandemic underscored an urgent need for advanced digital engineering...

How an Aussie-based firm aims to coach AP’s MSMEs into Action

MSMEs in Andhra Pradesh, have undergone a massive shift in recent years following the...

AP based startup bags National Startup Award

In what could be a significant boost to the startup ecosystem in Andhra Pradesh...

Vizag based Shipping Co Sponsors girl for Rifle shooting

A promising young shooter from Vizag, Ms.Deepthii had been selected for the national air...