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JM Baxi ports to bid for port associated projects worth Rs 7,000 crore

Friday 17th Jun 2022    236
JM Baxi ports to bid for port associated projects worth Rs 7,000 crore
 

Over the next five years, JM Baxi Ports & Logistics Limited (JMBPLL), an integrated maritime logistics service provider, plans to bid on various future ports and related projects totaling 7,000 crore, including rail links, warehouses, highways and cold chain facilities.

Dhruv Kotak, director of JMBPLL, told media that the Government of India's National Monetization Pipeline (GOI) is sequencing 30 to 40 projects over the next 3 to 5 years.

The bidding opportunity for emerging projects for the privatization of major ports (including on a BOT basis) will be worth about 20,000 crore, he said, citing Indian government initiatives such as the National Infrastructure Pipeline and National Monetization Pipeline, PM Gati Shakti and the PLI scheme.

 
 
 
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