Tuesday 25th June 2024

MbPA & Tata Trusts seals signs a five years MoU

Aug 26th, 2023 6:46 pm | By | Category: LATEST NEWS

Rajiv Jalota, IAS
Chairman -(MbPA)

Rajiv Jalota, (IAS) Chairperson of Mumbai Port Authority and Siddharth Sharma, CEO Tata Trust, has signed a 5-year Memorandum
of Understanding between MbPA & Tata Trusts seals the commitment to maintain the enchanting ‘Sagar Upvan’ botanical garden at Colaba.

Mumbai Port has long been the principal gateway to India and has played a pivotal role in the development of the national economy, trade & commerce and prosperity of Mumbai city in particular. The port has achieved this position through continuous endeavor to serve the changing needs of maritime trade. Though traditionally designed to handle general cargo, over the years, the port has adapted to changing shipping trends and cargo packaging from break bulk to unitisation / palletisation and containerisation. Besides, it has also developed specialised berths for handling POL and chemicals. For decades, Mumbai Port was India’s premier port. Even today, with the development of other ports, it caters to 8.61 percent of the country’s sea-borne trade handled by Major Ports of the country in terms of volume. It caters to 16.07 percent of POL Traffic handled by Major Ports.

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