MEIS not going anywhere, working on win-win solution for all: Piyush Goyal See Pg. 3
An MoU signed at MPA’s Maritime Perspectives series to discuss new normal in maritime
YEARS
See Pg. 13
Indian Railways confident to complete entire 2800 KM corridor projects by 2022: MD, DFCC
Vol. LX No. 133 st FRIDAY 31 JULY 2020
See Pg. 15
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DP World and NIIF Joint Venture, Hindustan Infralog Private Limited (HIPL) announces Rs 1000 cr investment in FTZ ~Signs Agreement with JNPT~ MUMBAI: DP World and National Investment & Infrastructure Fund (NIIF) joint venture Hindustan Infralog Private Limited (HIPL) has announced an investment of Rs 1000 Cr in developing its Nhava Sheva Business Park (NSBP) Free Trade Zone (FTZ) in Mumbai. NSBP, a Special Purpose Vehicle, is a codeveloper for the Jawaharlal Nehru Port Trust (JNPT) SEZ. The company signed a
Lease Agreement with JNPT for the project. The FTZ is on a long-term Lease of 60 years, and is located 5 kms away from JNPT. Its strategic proximity – to the port, the upcoming Navi Mumbai International Airport, Western Dedicated Freight Corridor and National Highways – provides quick and direct access to domestic and global markets. Cont’d. Back Pg.
Mr. Rizwan Soomar
Avana Logistek & KICT jointly creates new Milestone K A N D L A : Av a n a L o g i s t e k a n d Kandla International C o n t a i n e r Te r m i n a l Limited (KICT) jointly created a new mile stone recently of loading on the vessel SSL Brahmaputra to its full capacity from a single terminal for the first time. The subject vessel, MV. SSL Brahmaputra 065 sailed on 29th July, 2020, with a total exchange of 3918 TEUs (Discharge: 2210 TEUs, Load: 1708 TEUs). Cont’d. Back Pg.
Jindal Stainless ties up with Maersk for Logistics upgrade MUMBAI: India’s largest stainless steel producing company, Jindal Stainless Ltd (JSL), and the integrated container logistics company, Maersk, have joined hands to ease and optimise the flow of containerized exports and imports between JSL, Jajpur and Vizag Container Terminal (VCTPL). As per the terms of the contract, Maersk shall facilitate to and fro rail movement of containers between Vizag and Jindal Stainless Logistics Park (JSLP), a newly commissioned Inland Container Depot (ICD) located at Jajpur, Odisha. The first rake was flagged off on July 24. Commenting on this association, MD, Jindal Stainless Ltd, Mr Abhyuday Jindal said, “Jindal Stainless Ltd is India’s largest importer of containerised stainless steel scrap. Our collaboration with Maersk is a mutual win-win solution as it harnesses volumes on our side and expertise on theirs. This arrangement shall help us strengthen our supply chain and expedite container movement, besides saving costs for us.” Managing Director, Maersk South Asia, Mr Steve Felder added, “At Maersk, we are ensuring that our customers have access to products and solutions that meet their end-to-end supply chain needs. With a solution designed and curated especially with and for Jindal Stainless Ltd, we are going all the way in delivering our promise of being enablers of trade.” Cont’d. Back Pg.
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