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JNPT records 50 pct jump in container cargo

As a consequence of the initiative, the Direct Port Delivery (DPD) scheme, the country’s largest container port recorded a 50% increase in container cargo for the year ended March 31, 2017.

DPD assures fastest clearance of cargo thereby saving time and cost for the importers and consignees, freeing them from the hassle of customs-related activities. An importer has thus assured clearance of cargo in less than 48 hours under DPD as against an average of seven days if routed through a CFS.

 Container volumes under DPD at JNPT increased from 68,925 TEU (twenty-foot equivalent units) to 103,323 TEUs in FY17. Neeraj Bansal, deputy chairman, JNPT, told Fe that the port has raised the proportion of DPD cargo to 30% of its total container cargo, as of August 2017, from just 3% last year. Bansal said: “We handle a total of about 45 lakh containers, both import and export. If we save even a day on account of efficiency, assuming that each container is carrying cargo worth Rs 50 lakh on an average – (this translates to a savings of at least Rs 22 lakh crore) – the savings on interest alone is quite substantial. Each hour saved is a huge saving for the trade and any unproductive detention of cargo, at whatever stage, has to be minimised.”

DPD is a highly trade-friendly scheme marking ease of doing business. JNPT and the Customs have been directed by the Central Government to increase the DPD proportion progressively from 40% to 70% ultimately. Currently JNPT is engaged in a vast expansion programme that includes commissioning of new terminals and widening of the approach roads to the port facilitating links with the state National Highways. The expansion is expected to be completed by 2022 and on completion, the capacity of the port will be doubled to more than 10 million TEU.

 For the implementation of the project, JNPT raised loan with the approval from the Reserve Bank of India (RBI) to the tune of $400 million from the State Bank of India and Development Bank of Singapore (DBS) with an end use of on-lending to JNPT Port Road Company – a joint venture company between the government of Maharashtra, National Highways Authority of India.


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