For port-led industrialisation, JNPT SEZ, an entity of Jawaharlal Nehru Port Trust (JNPT) has leased a plot of 44 acres to Dubai-based DP World’s India arm Hindustan Infralog Private Limited for ₹566.3 crore.
The details on this project are not announced yet.
JNPT SEZ, a multi-product SEZ, is coming up on 684 acres of the free hold land of JNPT. The primary objective of this project is to generate employment, investment and captive cargo for JNPT.
ADVERTISEMENT
Till date, JNPT has leased 75 acres of land for a period of 60 years for ₹630 crore including 31 acres to 15 MSME investors in the SME Zone.
“We are seeing positive response from the investor community [manufacturing companies, industrial park developers, logistics companies and private equity players] for land parcels in this SEZ, primarily due to geo-centric advantage and its connectivity to domestic as well as international markets being close to Mumbai,” Neeraj Bansal, Chairman,JNPT said.
JNPT SEZ, which is 15 km away from the upcoming Navi Mumbai International airport and 5 km from the JNPT Port, gives it direct access to global markets via JNPT’s container terminals, he said.
ADVERTISEMENT
JNPT SEZ has the “Special Planning Authority” status which enables investors to secure speedy approvals for building designs and expedite construction at site.
The port authority has engaged consultants for the completion of basic infrastructure. “On-site work is progressing at a fast pace with 35% financial progress achieved so far. The project is expected to be completed by July 2019,” JNPT said.
The JNPT administration is providing plug & play facilities at the SEZ for any investor investing ₹500 crore in this project.
The key facilities being provided include uninterrupted water/ power supply, telecommunications network, customs office, administrative office, training centre, parking, sewage treatment plant, solid waste treatment facility and green zones.