Prime Minister Narendra Modi on Sunday laid the foundation stone of the fourth container terminal at Jawaharlal Nehru Port Trust (JNPT) here.
According to JNPT chairman Anil Diggikar, the terminal is the single largest foreign direct investment in any project in the port sector in recent times.
The terminal is proposed to be developed on design, build, fund, operate and transfer (DBFOT) basis for a concession period of 30 years for an estimated cost of Rs.7,915 crore.
Maharashtra Chief Minister Devendra Fadnavis and Union Roads, Highways and Shipping Minister Nitin Gadkari also shared the dais with Prime Minister Modi during the ceremony.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app