Summary:

Union Minister for Ports, Shipping, and Waterways, Mr. Sarbananda Sonowal, has approved a US$ 34 million (Rs. 284.19 crore) project by the Jawaharlal Nehru Port Authority (JNPA) to develop an 'Export-Import cum Domestic Agricultural Commodity-Based Processing & Storage Facility' on a PPP model. Covering 67,422 square meters, this facility aims to enhance logistics, extend shelf life, and improve agricultural pricing. It will manage exports of rice, maize, spices, and meat, as well as marine products, with substantial storage capacity for various goods.

JNPA in Maharashtra is notable as India’s first major port operating entirely on a PPP model. With a $9.11 billion (Rs. 76,220 crore) investment, the Vadhavan Port development will be a greenfield deep draft port capable of processing 23 million TEUs annually and will feature a 20-meter natural draft for larger vessels. Expected to rank among the world’s top ten largest ports, it will also serve as a green fuel hub. The Ministry of Ports has completed 16 projects in Maharashtra totaling $94.4 million and is currently working on 14 additional projects worth $133.2 million.

Source: IBEF 

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