Link: https://links.sgx.com/1.0.0/corporate-announcements/4YR7F3WMLPV6JAHT/93a76a59f5f18cada655c0cfad196629d574be5819722018fd6c4dc9495aef6c

Summary:

• PSA Mumbai, after inaugurating Phase 2 expansion, has doubled annual handling capacity to 4.8 million TEUs, now positioning it as India’s largest container terminal.

• The facility features 2,000 metres of continuous quay length and can handle multiple mega-container vessels, supporting growing domestic and international trade.

• Investment: SGD 1.7 billion (USD 1.3 billion) under a public-private partnership, marking Singapore’s largest FDI in India to date.

• Network: PSA now operates container terminals in Navi Mumbai and Chennai, as well as container freight stations in Mumbai and Mundra through PSA Ameya, and collaborates with PSA BDP for supply chain solutions.

• Connectivity: Six Dedicated Freight Corridor (DFC)-compatible rail tracks connect PSA Mumbai to over 63 Inland Container Depots across India, enabling enhanced multimodal logistics.

• Sustainability: The terminal operates on partially renewable energy, with ongoing electrification of diesel assets for sustainable port operations.

• Impact: Over 1,500 jobs created. PSA Mumbai's expansion is aligned with India’s National Master Plan, “PM Gati Shakti,” and aims to boost India’s trade ambitions and resilience of global supply chains.

• The virtual inauguration was attended by Prime Ministers of India (Shri Narendra Modi) and Singapore (Mr Lawrence Wong), underscoring bilateral collaboration on major trade infrastructure.