In a major boost to the port led industrialization policy of the Government of India, Ministry of Shipping, JNPT SEZ has leased a plot of ~44 acres to Dubai based DP World’s India arm Hindustan Infralog Private Limited at a price of ~INR 566.3 Crores. Also, in the SME Zone, ~31 acres has been leased to 15 MSME investors.
JNPT SEZ is a multi-product SEZ set 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. Till date, JNPT has leased ~75 acres of land for a period of 60 years at a total premium of ~INR 630 Crores.
“We are seeing extremely positive response from the investor community (manufacturing companies, industrial park developers, logistics companies and private equity players) for land parcels in this SEZ, primarily because of the geo-centric advantage and its connectivity to domestic as well as international markets being close to Mumbai, the economic capital of India. JNPT SEZ is ~15kms away from the upcoming Navi Mumbai International airport and is only 5 kms from the JNPT Port, which gives it direct access to global markets via JNPT’s container terminals,” said Shri Neeraj Bansal, Chairman, JNPT
“The JNPT administration is providing state-of-the-art plug & play facilities at the SEZ by investing ~INR 500 Crs in this project. The key facilities being provided by JNPT include, uninterrupted water/ power supply, telecommunications network, customs office, administrative office, training centre, parking, sewage treatment plant, solid waste treatment facility and abundant green zones,” added Shri Neeraj Bansal, Chairman, JNPT
JNPT SEZ has the “Special Planning Authority” status which enables investors to secure speedy approvals for building designs and expedite construction at site. A dedicated team has been setup to monitor and manage the completion of the infrastructure work at JNPT. JNPT has engaged EPC and PMC 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.