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JNPT Chairman Sanjay Sethi Reviews Work of JNPT SEZ

Mumbai:

Port Wings News Network:

Shri Sanjay Sethi, IAS, Chairman, JNPT reviewed the onsite infrastructure implementation work of JNPT SEZ recently.

During the inspection he visited areas which included the 220/33 KV JNPT SEZ master station, which will mainly be used to supply power for the substation inside the SEZ area; the 33 /11 KV substation which supplies power to various plot owners; services corridor adjacent to the road network; the Training Centre and Administration building; the Sewage treatment plant; elevated water storage reservoir; etc.

Commenting on the progress, Shri Sanjay Sethi, IAS, Chairman, JNPT said, “All infrastructure works are in advance stages of construction, including 200/33 KV substation work, administration building, and the Services laying works. JNPT team is closely working with the assigned vendors to ensure timely completion of the infrastructure support work, so that the investors can start the construction work on their allotted plots soon.’’

JNPT-SEZ is a Special Economic Zone project of 277 Ha conceptualized in line with the objective of Port led Industrialization under Ministry of Shipping Sagaramala initiative and is first of its kind major port multi product industrial complex in the country. The SEZ envisages setting up various industries as per norms laid in SEZ Act and Rules, industries like Automobile, Engineering Electrical, Electronic, Pharma& Food Processing industries, etc. Currently approx.

75 acres of land out of total 400 acres SEZ land to lease out is successfully allotted for a period of 60 years at a total premium of INR 630 crore to 16 companies through transparent e-tender-cum-auction process in three rounds of tender process.

M/s Hindustan Infralog Pvt Ltd, a joint venture company between DP World investment BV (DPW) and National Infrastructure and Investment Fund (NIIF) won the bid for allotment of 44 acres of land for setting up of Free Trade Warehousing Zone – FTWZ in JNPT SEZ. FTWZ is a Special Economic Zone wherein mainly trading, warehousing and other related activities are carried on. This Warehouse will be a strategic asset for JNPT-SEZ and the companies investing here because it will provide warehousing of various products, state-of-the-art equipment, transportation and handling facilities for the trade. As per the business plan submitted, the estimated investment in the development of FTWZ land shall be INR 200 crore and the project is likely to be operationalized within 2 years in phased manner, generating an estimated employment for 600+ people.

JNPT-SEZ is meticulously designed with state-of-the-art infrastructure to boost export-oriented industries in India. To promote industrialisation and economic growth through sustainable development, the Government of India is providing attractive financial incentives to all SEZ investors. Both co-developers and investors will be eligible for duty exemptions, tax exemptions, and FDI norm relaxations. JNPT -SEZ has also issued its first building permission as Special Planning Authority (SPA) to M/s. Krish Food Industry (India) earlier this week. They are likely to start their construction and further operations soon, which will make JNPT SEZ an operational SEZ.

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