JNPT signs ₹100 crore agreement with CNB Logitech

The Jawaharlal Nehru Port Trust (JNPT) recently signed a memorandum of understanding (MoU) with CNB Logitech worth ₹ 100 crore per annum for monitoring, tracking, and optimise the movement of as many as 50 lakh containers in foreign trade. The agreement will facilitate the country’s foreign trade policy through a more efficient movement of containers. Additionally, CNB Logitech is a firm that utilizes machine learning, artificial intelligence technologies, and network-based processes in order to automate the container terminals, as well as port operations.