The Vadhavan Port project will be undertaken under the PPP mode, with a total cost of Rs. 17,709 crore for land reclamation and dredging, and Rs. 38,976 crore for other infrastructure works. This marks a shift from the previous plan of EPC funding by JNPA and MMB, with private operators covering the remaining Rs. 37,244 crore.
JNPA aims to increase throughput to 7 million TEU in FY25, driven by export growth after a decline in FY24. With plans to reach a capacity of 10 million TEU by April 2025, the port will expand operations to handle transshipment traffic. Vadhavan port development is also underway to accommodate future demand.
Deendayal port led in cargo volume, followed by Paradip and Visakhapatnam ports. Visakhapatnam saw a growth of 22.05%, with Chennai, Cochin, and Mumbai ports following. In May 2024, various ports experienced cargo growth, while Kolkata, Kamarajar, and Mormugao ports faced declines in handling.
The event, ‘Port of Prosperity’, celebrated JNPA’s growth in the Indian shipping industry. With a historic throughput of 6.43 million TEUs in FY 2023-24, the port has led in digitization, automation, and sustainability. MOUs worth Rs 40,000 Crore were signed for a Greenfield Port. Chairman Wagh highlighted JNPA’s commitment to innovation and community development.
According to the Ministry of Ports, Shipping and Waterways, iron ore shipments increased by 32.68 percent, raw fertilizer shipments rose by 13.56 percent, and coking coal movements went up by 10.24 percent in FY24. The major ports saw an overall growth of 8.06 percent in TEUs, with JNPT handling the largest container volume.
JNPA expands liquid cargo capacity with the introduction of Liquid Berth-3 and Liquid Berth-4. Handling 6.5 MMTPA, JNPA invested Rs. 225 Crores for ALCB development. M/s JSW Infrastructure Limited won the bid, with a quoted royalty of Rs.252 per tonne. Chairman Shri Unmesh Sharad Wagh welcomes the move to meet demands and improve operational efficiency. Major benefits include reduced waiting time, reduced demurrage costs, and increased revenue.
The total traffic for the financial year 2023-24 at Jawaharlal Nehru Port Authority (JNPA) reaches 85.82 million tonnes. JNPA achieved a historic milestone with its highest-ever throughput of 6.43 million TEUs, marking a 6.27% increase from the previous year. Chairman Unmesh Sharad Wagh expressed pride in making the port a premier gateway for trade.
The proposed Vadhavan port in Maharashtra faces new hurdles as the PMO suggests using the Hybrid Annuity Model for its development. This move raises concerns and delays Cabinet approval, impacting the project’s timeline. Despite skepticism from industry sources, this model could reshape the port’s structure and operation, bringing in private operators for different terminals.
The Board of Directors at JNPA have approved 16 impactful projects under their CSR Guidelines. These initiatives aim to address critical needs, promote sustainable development, and improve the well-being of surrounding communities. Focus areas include healthcare, education, environment, and infrastructure improvements, all in line with JNPA’s commitment to holistic development.
Shri. Unmesh Sharad Wagh (IRS) of JNPA confirmed CRZ recommendation for Vadhvan Port project. JNPA, in collaboration with MMB, plans to develop the project. DTEPA has given approval. The Chairman assured compliance with all CRZ conditions.
The Indian Tricolor was unfurled by Shri Unmesh Sharad Wagh, IRS, Chairman, JNPA, as the esteemed chief guest. The national anthem played as everyone participated, symbolizing unity. CISF officials presented a dog show and mirror shooting, adding to the excitement. Shri Unmesh Sharad Wagh delivered an insightful speech on the significance of Republic Day.
APM Terminals, a global container terminal operator, signed a Memorandum of Understanding with the Jawaharlal Nehru Port Authority to develop a new container terminal in Vadhavan, Maharashtra. The signing took place at the Vibrant Gujarat Global Summit, reflecting strong support from the Indian government for the ambitious project.
Mr. Sanjay Sethi, IAS, completes his distinguished tenure as Chairman at the Jawaharlal Nehru Port Authority (JNPA). Mr. Unmesh Sharad Wagh, IRS, Vice Chairman, will assume additional responsibilities as Chairman-in-charge. Under Mr. Sethi’s leadership, the JNPA experienced unprecedented growth, development, and adopted environmentally friendly practices.
