2022: Jawaharlal Nehru Port Authority (JNPA), India’s best performing Port, signed a concession agreement with JM Baxi Ports and Logistics Ltd. on 15th November 2022, to Upgrade, Equip and O&M of Shallow Water Berth (SWB) and Coastal Berth (CB) Terminals through PPP mode. JNPA is India’s first 100% Landlord Major Port. The SWB and CB terminals will be upgraded and managed by an SPV named “Nhava Sheva Distribution Terminal Private Limited” formed by J M Baxi group. The agreement was signed in the presence of Shri Sanjay Sethi, IAS, Chairman, JNPA, Shri Unmesh Sharad Wagh, IRS, Dy. Chairman, JNPA, Shri Dhruv Krishna Kotak, MD, J M Baxi Group and all the HODs of JNPA. Speaking at the occasion Shri Sanjay Sethi, IAS, Chairman, JNPA said, “SWB and CB will now be a PPP terminal, the successful bidder being J M Baxi group. The concessionaire has to Upgrade, equip, Operate, maintain and transfer this terminal at the end of the Concession period of 30 years. The terminal will be developed in one single phase of 3 years. JNPA will continue to develop and provide supporting infrastructure facilities. Many of the major global ports are today landlord facilities, whose key responsibilities include marketing. JNPA will now be taking up marketing in a more streamlined manner, with the Authority doing common port business development.”
Copyright © 2017 Indian Grapevine a unit of Integrated Media Enterprises
