Mumbai, Mar 11 (PTI) The nation's largest container port JNPT on Friday said it will invest around Rs 4,300 crore under the PM Gati Shakti project to develop the second phase of the fourth terminal and an SEZ.

Addressing the media here, port trust chairman Sanjay Sethi said these projects will go a long way in achieving the objectives of the Gati Shakti project, given the critical role that JNPT plays in the Exim trade.

Also Read | Odisha Government To Conduct Offline Matriculation Examination From April 29.

The proposed investments include Rs 3,196 crore to build the second phase of the fourth container terminal. The first phase was completed in December 2018, building a 30 mtpa terminal at an investment of Rs 4,719 crore.

Sethi said the proposed SEZ will attract Rs 565 crore to develop the basic infrastructure facilities.

Also Read | Redmi K50 Pro & Redmi K50 Pro+ With 12GB RAM Listed on Geekbench: Report.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)