JNPA scales new heights with over 10 pc traffic growth in Q1
Jawaharlal Nehru Port Authority (JNPA), India’s best-performing port, continues to scale new heights by handling 1,688,145 TEUs of containers during the period April 2024 to June 2024 (Q1 2024-25). This represents a growth of 10.60% compared to 1,526,284 TEUs in the corresponding period of the previous financial year 2023-2024.
Appreciating the substantial growth in the first quarter of this fiscal year, Mr Unmesh Sharad Wagh, IRS, Chairman, JNPA, said, “We are delighted to share that JNPA has continued its growth trajectory with significant increase in handling TEUs. This quarterly performance is a testament to JNPA’s efforts to reduce logistics costs and time by providing efficiency in EXIM and ease of doing business. I must say that this quarter has been very fruitful for JN Port as we also received the Cabinet’s approval for the mega port project of Vadhvan, which is going to be a game changer for the Indian maritime sector”.
“This project is a catalyst for strengthening economies of scale and transcending the conventional way of port operations in India. We also completed our 35 glorious years of establishment and have been thriving ever since,” he added.
JNPA handled 567,392 TEUs in June 2024, an increase of 19.11% compared to the traffic in June 2023 which was 476,350 TEUs. There has also been a remarkable increase in the rakes share. In June 2024, containers handled through rakes were 86,333 TEUs, up 17.13% compared to 73,707 TEUs in June 2023.
JNPA is dedicated to strengthening the nation’s economic growth and is at the forefront of the global value supply chain. By implementing top-tier mechanisms for conducting business, JNPA ensures excellence and efficiency in India’s maritime sector, it emphasised in a communique.
Source: Exim News Service: Navi Mumbai, July 4