JNPA and PSA Mumbai sign supplementary agreement for extension of BMCT concession period

By Admin

09 Sep, 2025

Jawaharlal Nehru Port Authority (JNPA) and PSA Mumbai, a subsidiary of PSA International, have signed a supplementary agreement to extend the concession period of Bharat Mumbai Container Terminals (BMCT). Finalised through conciliation, this landmark agreement marks a new milestone in the journey of public-private partnerships (PPP) in India’s maritime sector.

A Significant Milestone in Maritime Collaboration

The signing ceremony was held in the presence of Shri Unmesh Sharad Wagh, IRS, Chairperson, JNPA & CMD, VPPL, and Mr. Vincent Ng, Regional CEO – Euromed and MESA, along with senior officials from PSA India, PSA Mumbai, and JNPA. This development not only assures operational stability for BMCT but also reinforces Jawaharlal Nehru Port’s role as a vital gateway to India’s growing international trade.

Strengthening the PPP Model in India

The extension agreement reflects the success of the PPP framework in India’s port sector. With BMCT representing the largest Foreign Direct Investment (FDI) under the PPP model   USD 1.3 billion   it highlights the continued trust of global investors in India’s maritime infrastructure. Notably, this is also the highest investment from Singapore in India to date, cementing India’s reputation as an attractive destination for international business partnerships.

Driving Economic Growth and Global Partnerships

Beyond financial commitments, the extended concession ensures long-term benefits in terms of infrastructure development, enhanced connectivity, and trade facilitation. JNPA’s proactive approach in fostering global partnerships aligns with India’s broader vision of becoming a logistics and trade powerhouse. The agreement stands as a strong vote of confidence in India’s robust investment climate and the growing role of ports in supporting economic growth.

Strengthening India–Singapore Bilateral Relations

The agreement also carries significant diplomatic weight, strengthening India–Singapore ties in trade, investment, and connectivity. It reflects shared priorities in maintaining stability in the Indo-Pacific region while advancing cooperation in logistics and maritime development.

Looking Ahead

The extension of BMCT’s concession period is not just a business agreement   it is a strategic move that reinforces JNPA’s commitment to innovation, efficiency, and global partnerships. As India continues to expand its maritime capabilities, such collaborations will play a central role in enhancing trade competitiveness and shaping the future of the nation’s port sector.