Jawaharlal Nehru Port Authority (JNPA) and PSA Mumbai, a subsidiary of PSA International, have signed a supplementary agreement extending the concession period of Bharat Mumbai Container Terminals (BMCT). The agreement, concluded through conciliation, marks a key milestone in India’s public–private partnership (PPP) journey in the maritime sector.
The signing ceremony was attended by Unmesh Sharad Wagh, IRS, Chairperson, JNPA & CMD, VPPL, and Vincent Ng, Regional CEO – Euromed and MESA, along with senior officials from PSA India, PSA Mumbai, and JNPA.
The extension ensures operational stability and long-term growth for BMCT, reinforcing JNPA’s role as a critical gateway for India’s international trade. It also highlights the strength of the PPP model in driving port development. BMCT represents the largest foreign direct investment (FDI) under India’s PPP model, with USD 1.3 billion invested—the single largest investment from Singapore in India to date.
The agreement is seen as a strong endorsement of India’s investment climate and JNPA’s commitment to global collaboration in enhancing port infrastructure, connectivity, and economic growth.
Beyond commercial gains, the agreement also strengthens India–Singapore bilateral ties, reflecting shared priorities in trade, connectivity, and stability across the Indo-Pacific.
