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). The agreement, finalised through conciliation, marks a significant milestone in the journey of public-private partnership in India’s maritime sector.
The signing ceremony took place 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 landmark step paves the way for the continued progress of BMCT, ensuring operational stability and reinforcing the port’s role as a gateway to India’s international trade. It further demonstrates the success of the Public-Private Partnership (PPP) model in India’s port sector.
With the largest Foreign Direct Investment (FDI) of USD 1.3 billion under the PPP model — also the highest investment from Singapore in India to date — this agreement stands as a strong vote of confidence in India’s investment climate. It also underscores JNPA’s commitment to fostering global partnerships that enhance port infrastructure, improve connectivity, and drive economic growth.
Beyond commercial and operational benefits, the agreement further strengthens India–Singapore bilateral relations, reflecting shared priorities in trade, connectivity, and stability in the Indo-Pacific region.