Page 32 - ITLN March-April 2025

News
LS passes Bills of
Lading Bill, 2025
modernising
169-year-old law
n an effort to support the
Icountry’s growing shipping sector,
Sarbananda Sonowal, Union Minister
of Ports, Shipping & Waterways
introduced the Bills of Lading Bill,
2025, which aims to update and
simplify the legal framework for
shipping documents.
"The proposed legislation will
replace the colonial-era Indian
Bills of Lading Act, 1856, providing
a more modern and user-friendly
approach to maritime shipping.
The Lok Sabha passed the Bills
of Lading Bill, 2025 modernising
the 169-year-old colonial shipping
law," says an official release. "The
current law, a brief three-section
act, primarily governs the transfer of
rights and confirmation that goods
were loaded onto a vessel. With the
shipping industry evolving and the
global trade landscape changing,
there is a pressing need for India to
adopt a more comprehensive and
understandable law that aligns with
international standards.
JNPA signs R285 crore deal for agro-processing facility
awaharlal Nehru Port
JAuthority (JNPA) has
signed a concession
agreement with a
special purpose vehicle
(SPV) floated by Trident
Agrocom Exports and Man
Infraconstruction for the will be developed under the
development of an export- public-private partnership
import-cum-domestic (PPP) mode on a design-
agricultural commodity- build-finance-operate-
based processing and transfer (DBFOT) model,"
storage facility at JNPA. says an official release
"The project, valued at from JNPA. The proposed
approximately ₹285 crore, facility, planned on 27
30
March - April 2025
NHLML and IWAI sign
MoU for Multi-Modal
Logistics Park in Varanasi
ational Highways Logistics Management
NLimited (NHLML) and Inland Waterways
Authority of India (IWAI) signed a
Memorandum of Understanding (MoU) to
develop a Multi-Modal Logistics Park (MMLP)
in Varanasi, Uttar Pradesh.
The 150-acre logistics park will be
connected to NH7 via a 650-metre access road
and will integrate with the Eastern Dedicated
Freight Corridor through a 5.1 km railway line
from Jeonathpur Station. It will also connect
to National Waterway-1 and is located 30 km
from Lal Bahadur Shastri Airport.
The project aims to enhance trade
efficiency, strengthen India's logistics sector,
and create investment and employment
opportunities. The initiative aligns with India's
efforts to develop its logistics infrastructure
and improve connectivity.
agricultural commodities
annually, ensuring efficient
processing, sorting,
packing, and laboratory
testing to meet food safety
and trade compliance
standards. The facility
acres of land at JNPA, is will offer comprehensive
free from environmental storage solutions,
clearance (EC) and coastal including cold storage, pre-
regulation zone (CRZ) cooling, frozen storage,
constraints, the release and dry warehouses
added. "It is designed under one roof, which will
to handle approximately significantly reduce post-
1.2 million tonnes of harvest losses."
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