JNPT commences operations at SEZ
It has been developing a multi-product SEZ in its owned freehold land of 277 hectares at Navi Mumbai
Jawaharlal Nehru Port Trust (JNPT) has announced that two units of its Special Economic Zone namely, OWS LLP and Krish Food Industry have completed their first phase of operational activity and are declared operational units by Development Commissioner, SEEPZ, SEZ.
JNPT has been developing a multi-product SEZ in its owned freehold land of 277 hectares at Navi Mumbai. The SEZ aims to boost exports by enabling port-led industrialization under Sagarmala initiative of the ministry of shipping. The foundation stone of the project was laid by the Prime Minister, Narendra Modi in August 2014.
Apart from the first two companies, three more companies are likely to commence their construction activities soon.
Sanjay Sethi, chairman, JNPT, said, “For JNPT, this is truly a great occasion as JNPT becomes the first port where port-led economic development is evolving successfully. JNPT is confident of attracting leading global companies for making India a manufacturing hub as the infrastructure development underway in JNPT SEZ is as per the international benchmark. The potential units investment and the employment generation will give a boost to the entire eco-system around JNPT region.”
Altogether there are 19 MSME and one Free Trade Warehousing Zone (FTWZ) co-developer who have been allotted the plots in JNPT SEZ till date. It is expected that all the remaining units will follow the suit and become operational in the near future. The SEZ once fully occupied is expected to generate Rs 4,000 crore of investments and create 57,000 jobs in the SEZ.