JNPT Current Affairs - 2019

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How JNPT surged into top 30 of Lloyds Report?

India’s premier container port Jawaharlal Nehru Port Trust (JNPT) has become India’s only port to get listed among the top 30 global container ports in Top 100 Container Ports report. JNPT has notched up five spots, to be 28th on the list, compared to its previous ranking.

What made this jump possible?

The Union Ministry of Shipping has outlined the various initiatives at JNPT which has made the jump possible:

  • New processes activated under the ‘ease of doing business’ initiative have helped in the overall growth of the port business.
  • The new processes also aided the Export-Import trade to save time and cost which in turn have accentuated the growth story.
  • JNPT has also launched the app services to facilitate better tracking of consignment and ease the trade process for their EXIM partners.
  • The app launched by the JNPT allows traders to access all the relevant information about their consignment and port-related updates regarding traffic and weather on their fingertips.

Top 100 Container Ports Report

Top 100 Container Ports report from Lloyd’s List Containers provides an exclusive analysis of with detailed information on each port and sets out the winners and losers each year.

The report also provides in-depth profiles, analysis, and insight of all 100 facilities, detailing terminals operators, box volumes, recent developments, and pipeline projects.

Month: Categories: Reports & Indices

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India’s first mega Coastal Economic Zone to come up at JNPT in Maharashtra

The Union Government has given go-ahead for setting up India’s first mega coastal economic zone (CEZ) at Jawaharlal Nehru Port (JNPT) in Maharashtra.

The first of its kind mega CEZ will stretch along north Konkan region spread across Mumbai, Thane, Pune, Nashik and Raigarh. About 45 companies across auto, telecom and IT sectors will soon bid for 200 hectares of land to set up manufacturing units in zone.

Coastal Economic Zone (CEZ)

CEZs are spatial economic regions comprising group of coastal districts or districts with strong linkage to ports in region to tap into synergies with planned industrial corridor projects. These zones are expected to provide business-friendly ecosystem including ease of doing business, ease of exporting and importing, swift decisions on applications for environmental clearances and speedy water and electricity connections.

Key Facts

CEZ will be developed as part of plan for developing 14 such industrial clusters to spur manufacturing and generate jobs. The plan envisages total investment of Rs 15,000 crore in first phase and creation of more than 1.5 lakh jobs.

The idea is to attract large firms interested in serving export markets as they will bring with them capital, technology, good management practices and links to world markets. This in turn will help create ecosystem around them in which productive small and medium firms will emerge and flourish.

Background

The Union Cabinet in 2016 had approved setting up of 14 mega CEZs under National Perspective Plan of Sagarmala Programme. Its aim was to promote development of industrial clusters around ports, encourage portled development, reduce logistics cost and time for movement of cargo, enhance global competitiveness of country’s manufacturing sector and create hubs of job creation.

Month: Categories: Business, Economy & Banking

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