JNPT Chairman urges business community to benefit from JNPT-SEZ

Posted by Daily Shipping Times on 29-05-2017        Tweet

• Shares the progress of the SEZ with investors

• Investors visit SEZ to see the progress

HIGHLIGHTS

O             JNPT along with World Free Trade Zone (WFZO), Geneva and Export Promotion Council for EoUs and SEZs (EPCES) organised a half day session followed by visit to SEZ site as an initiative to interact with potential investors and familiarize them with JNPT SEZ features.

O             The session saw participation from illuminaries from various fields like tax, customs, port, industrial park developers, MDs among others.

About JNPT SEZ

•             The foundation stone of JNPT SEZ, which is coming up in 277 hectares of land, was laid by Prime Minsiter Shri Narendra Modi.

•             JNPT is investing more than INR 500 Cr in developing the infrastructure of the SEZ. Development works are in full swing.

•             SEZ provides best in class connectivity through proximity with port, upcoming Navi Mumbai airport rail and road connection.

NAVI MUMBAI: Jawaharlal Nehru Port Trust, along with World Free Trade Zone (WFZO), Geneva and Export Promotion Council for EoUs and SEZs (EPCES) organised an half day session at Hotel Four Point by Sheraton, Vashi to introduce JNPT SEZ and the eco-system provided for the investors in manufacturing sector. JNPT, India's No. 1 Container Port is developing the 277 Ha of Multi-Product SEZ to enhace the competitiveness of Indian manufacturing sector in the global markets. The session had panel discussions on important topics like GST, port led industrialisation and SEZ along with networking session and site visit for the investors.

The session took place in the presence of key dignitaries, Mr. Anil Diggikar, IAS, Chairman – JNPT, Dr. John Joseph, Chief Commissioner of Jawahar Customs – Nhava Sheva, Mr. E. Sabri Ergen, Consul General of Turky, Mr. N V Kulkarni, Commissioner – Central Excise and Service Tax,  Mr. Deepak Matta, Director – NACEN, Mr. VP Shukla, Joint Developement Commissioner- Mumbai, Mr. Pravin Chandra, Joint Development Commissioner – Pune,  Mr. P C Nambiar, Secretary, World Free Zone Organisation-Geneva, Mr. Robin Banerjee - Managing Director of Caprihans India Limited, Mr. S.V. Madhabhavi, CM (PPD)- JNPT, Dr. C. Unnikrishnan, CM (T)- JNPT and Shri S Sittarasu, CEO- JNPT SEZ amidst a sizeable industry gathering. A choice of MDs, influencers, exporters, industry park developers and service providers were also present.

Opening the session, Shri Diggikar said in his key note speech,“JNPT is aggressively developing the SEZ project in 277 hectares of freehold land area.

Port has taken significant steps to enhance Ease of doing Business by developing utilities and providing single window clearance to the investors, the Investor facilitation cell etc. The project is expected to generate huge amount of investment and employment 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 INR 4 Trillion of investments from Port-led industries.

Chairman's speech was followed by Panel discussionI on the topic 'Role of Port based SEZ in industrial development of India' moderated by Mr. Shivaprasad Raja, Boston Consulting Group. Besides providing excellent logistics facility to the industries, all the panelists agreed that infrastructure at JNPT SEZ would aid significantly in providing actual Ease of conducting Business to the investors. JNPT has already allocated over INR 500 Cr in developing the land and providing utilities like water, power, road, STP for industries to enable 'plug-n-play' facility for the investors. Mr. Shukla announced in the panel discussion,“Units just need to approach the Unit Approval Committee (UAC) to get the required approvals. Approval from UAC means units have got all the required approvals- environmental, fire and safety etc.” The discussion was followed by QnA from investors. 

This was followed by Panel discussion II on the topic 'Impact of GST on SEZ' moderated by Mr. PC Nambiar, Director, World Free Trade Zone (WFZO). With new GST rules coming into force, the panel discussion was very apt in bringing together Customs and Tax Commissioners to bring clarity in the minds of the investors. Dr. Joseph said, “JNPT SEZ will provide 24*7 customs operations to ensure efficient custom clearance” amid enthusiastic response from the investor community. JNPT SEZ will enjoy zero rated imports, meaning inputs – from both domestic and international markets- would have zero duties. An SEZ unit will enjoy duty free imports and exports.

Chief Commissioner also complemented Chairman-JNPT, CEO-JNPT SEZ & team for doing commendable job in recent progress in establishing JNPT SEZ.

JNPT SEZ very well complements Government's initiative to promote Ease of Business along with the GST rules. The discussion was followed by QnA where investors got responses straight from the Tax and Customs Commissioner. 

Post the lunch and the networking session, investors visited the SEZ site to see the actual on-ground development. Work on facilities such as–Common effluent treatment plant, water supply distribution network, power supply distribution, network supply through 3/33/11 kv switching stations, fibre optics connection, up to 60m row internal road network, sewage collection & treatment system, solid waste management, in-house treatment for biodegradable are going on in full swing.