JNPT welcome officials from US Consulate & American Chambers to explore investment opportunities in Port-led Multiproduct SEZ

Posted by Daily Shipping Times on 22-03-2017        Tweet

NAVI MUMBAI: In a major boost to India’s first Port-led Multi Product Special Economic Zone (SEZ), which is being developed by India’s No 1 Container Port - Jawaharlal Nehru Port Trust (JNPT), a riveting team of top officials of US Consul and American Chambers visited the site location of SEZ at Uran to explore investment opportunities in Technology, Engineering, Pharma & other manufacturing facilities.

Mr Gregory Taevs, Principal Commercial Officer of US Consulate, along with a group of principal investors of American Chambers, met with Shri Anil Diggikar, IAS, Chairman of JNPT, to receive an expounding experience of Port facilities.

Explaining about the project, Shri 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 & 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. Prime Minister Shri Narendra Modi laid the foundation stone for JNPT SEZ and expected it to be developed as one of the hallmark projects in India. It has already started all-round activities for expeditious operations.

The SEZ is planned to build Free Trade Warehousing Zone, Engineering Goods sector, Electronics & 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 surrounded by the most industrialized State of Maharashtra with having excellent last mile linkage to JN Port and skilled manpower. JNPT SEZ has its locational advantage and is connected with multi-modal facilities. The trade truly appreciate JNPT for creating vast expanse of infrastructure facilities to be future ready.

With efficient rail-road infrastructure including 8-lane State & 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 customizable plot sizes.

JNPT SEZ has on-boarded all civic bodies to ensure timely ‘plug & play’ facilities for 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 & treatment system, solid waste management, in-house treatment for biodegradable waste as part of Green initiatives.

JNPT SEZ, perhaps the only Port-based SEZ, which is adjacent to upcoming Navi Mumbai International Airport combined with Multi-modal connectivity, clearly makes it suitable for 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 timely completion of the project.