In a major boost to India’s first Port-led multiproduct special economic zone (SEZ), which is being developed by India’s No. 1 Container Port – Jawaharlal Nehru Port Trust (JNPT), a team of top officials of US Consulate and American Chambers visited the site location of SEZ at Uran to explore investment opportunities in technology, engineering, pharma and other manufacturing facilities. Mr Gregory Taevs, Principal Commercial Officer of US Consulate, along with a group of principal investors of American Chambers, met with Mr Anil Diggikar, Chairman of JNPT, to receive an elaboration on the Port facilities.
Explaining about the project, Mr Diggikar said, “JNPT is aggressively on the move to develop this SEZ project in 277 hectares of land area to be developed under the EPC model (engineering, procurement and construction), wherein it is expected to generate huge employment. The free hold land area of JNPT is aimed to bring more than Rs 5,000 crore of investment in the SEZ, mostly from port-based industries.”
JNPT SEZ is one of the most progressive plans under the Ministry of Shipping’s ‘Sagarmala’ project, which plans to build coastline development in India with an aim to attract over Rs 4 trillion of investments from Port-led industries. The Prime Minister, Mr Narendra Modi, laid the foundation stone for JNPT SEZ and viewed it to be developed as one of the hallmark projects in India. It has started all-round activities for expeditious operations.
The SEZ plans to build free trade warehousing zone, engineering goods sector, electronics and hardware sector and pharma sector which would be aligned with the Central and state government’s vision of inclusive growth. JNPT SEZ has already acquired all regulatory clearances, and is in the most industrialised state of Maharashtra having excellent last mile linkage to JN Port and skilled manpower. JNPT SEZ has locational advantage and is connected with multimodal facilities. JNPT is creating vast expanse of infrastructure facilities to be future ready.
With efficient rail-road infrastructure, including 8-lane state and National Highways, 9 railway sidings and western coastal hub, JNPT SEZ is significantly linked with the proposed western node of Golden Quadrilateral, Dedicated Freight Corridor (DFC) and international airport near Navi Mumbai. The SEZ comes with unmatched business incentives of all taxes and duty benefits under SEZ Act, world class utilities under one roof and customisable plot sizes.
JNPT SEZ has on-board all civic bodies to ensure timely ‘plug and play’ facilities to investors. Facilities such as – common effluent treatment plant, water supply distribution network, power supply distribution, network supply through three 33/11 kV switching stations, fibre optics connection, up to 60 m row internal road network, sewage collection and treatment system, solid waste management, in-house treatment for biodegradable waste are part of the green initiative.
JNPT SEZ is perhaps the only Port-based SEZ which is adjacent to the upcoming Navi Mumbai international airport, combined with having multi-modal connectivity, clearly making it the most economic scale of operations. This establishes it as the preferred investment destination in India today for its value propositions, including ease of doing business, dedicated customer facilitation cell to extend all support and ensure timely completion of the project.
[/vc_column_text]
