Raigad: To be inaugurated shortly, the new PSA terminal at Jawaharlal Nehru Port Authority (JNPA), Uran, is expected to augment Navi Mumbai’s growth story. Once inaugurated, the state-of-the-art facility will handle 50 % of JNPA's container capacity and will boost India's global trade.

During his visit to the Raigad district on August 12, Chief Minister Devendra Fadnavis said, “This facility will further enhance India's maritime power. He expressed special gratitude to Singapore for its cooperation in completing this project.”

Fadnavis was speaking at the Green and Digital Maritime Corridors Leaders Dialogue organized by the Jawaharlal Nehru Port Authority and the Indian Ports Association at the JNPA Business Centre, Uran, on behalf of the Ministry of Ports, Shipping and Waterways.

The delegation comprised Singapore's Deputy Prime Minister Gan Kim Yeung, Singapore's Transport Minister Jeffrey Siew, JNPA Chairman Unmesh Wagh, and Secretary of the Ministry of Ports, Shipping and Waterways T. K. Ramachandran.

Chief Minister Devendra Fadnavis expressed his belief that the increasing cooperation between India and Singapore in the fields of maritime trade, infrastructure, digitization, data centers, and logistics, and several MoUs are strengthening the economic ties, and this will give a new dimension to the relations between Maharashtra and Singapore in particular.

Under Prime Minister Narendra Modi's Amrit Kaal Maritime Vision 2047, the state government is developing its maritime vision, with clear goals set for 2029, 2035, and 2047. Fadnavis said that Maharashtra will make a significant contribution to the transformation of India's maritime sector.

PSA terminal refers to a container terminal operated by PSA International, a leading global port operator.

For three decades, PSA has invested a total of $2.3 billion in India.

Phase 1 has increased efficiency and reduced turnaround times for vessels. This has benefited India's exporters and importers.

Phase 2 has doubled the terminal's capacity from 2.4 million Twenty-Foot Equivalent Units (TEUs) to 4.8 million TEUs, making Bharat Mumbai Container Terminal the largest standalone container terminal in India.

This will boost economic growth and create a large number of employment opportunities.

The Government of Maharashtra and Mapletree Investments Pvt. Ltd., Singapore, have signed a Memorandum of Understanding (MoU) to invest about Rs 3000 crore in the state. This is expected to generate direct employment opportunities of 5000 in Mumbai, Pune, Nagpur, and other industrial areas. Under this agreement, logistics and warehousing parks, industrial parks, and data centres will be created.