Jawaharlal Nehru Port unveils four key projects worth Rs 8,363 crore at Global Maritime India Summit

​The four projects are: construction of the fourth container terminal, Phase II at JNPA; upgradation, operation, maintenance, and transfer of Jawaharlal Nehru Port Container Terminal (JNPCT); newly constructed additional liquid berth terminal; and port-based multi-product special economic zone (SEZ).

The Global Maritime India Summit saw the signing of 34 agreements worth Rs 3.24 lakh crore on its first day, highlighting the commitment to transform India into a maritime powerhouse. The summit, attended by Prime Minister Narendra Modi and other stakeholders, emphasized the importance of digitization and innovation in the maritime industry. Initiatives such as […]

Prime Minister Narendra Modi has highlighted the potential of the India-Middle East-Europe Economic Corridor (IMEEC) to revolutionize global maritime trade. He invited investors to participate in the initiative as India aims to attract investments worth ₹75-80 lakh crore in its maritime sector by 2047.

India is aiming to attract an investment of Rs 20 lakh crore for its maritime sector under Vision 2047. The investment will be used to increase port handling capacity, develop maritime clusters, and establish hubs for bunkering, ship repair, and Vessel Spares and Stores. Prime Minister Narendra Modi unveiled this vision document and inaugurated projects […]

Global logistics operator DP World has signed an initial pact with the Jawaharlal Nehru Port Authority (JNPA) to develop a new port at Vadhavan. The location of Vadhavan, along the Arabian coast near Mumbai and Gujarat, makes it an attractive trade gateway.

The Adani Group’s new port in Vizhinjam, Kerala, which was constructed as a public-private partnership, has garnered praise and celebration from opposition parties. This is unusual given that the Adani Group has faced criticism and controversy in recent years. The port, strategically located between the Suez Canal and the Strait of Malacca, is expected to […]

Adani Ports & SEZ CEO, Karan Adani, has expressed confidence in repaying the $650 million of foreign currency bonds that are due in February 2024. Adani stated that the company has already prepaid $120 million and plans to prepay the remaining balance by January-February 2024, as part of its commitment to maintain a net debt-equity […]

Located near the southernmost tip of the country, the Vizhinjam transshipment container port — the first of its kind in India that will be inaugurated on Oct. 15 — will allow India to grab a bigger slice of the international maritime trade currently dominated by China. It will also bolster its aspirations to be an […]

Excerpts from the podcast – “It was a series of things that didn’t work.” “Sometimes it’s good to suck at something. Because then you overwork to fix it.” “My advice is to think big and do small.”

Adani Ports and Special Economic Zone (APSEZ) clarified that the overall contribution of its Haifa port in Israel is only three percent of its total cargo volume. The company remains confident in its business performance despite the recent drop in stock prices. APSEZ operates the Haifa Port, which has caused investor concerns due to the […]