Deendayal Port plans to auction land for SIPC in this month

Posted by Daily Shipping Times on 10-10-2017        Tweet

GANDHIDHAM: Bids for around 220-acre land at India's first Smart Industrial Port City (SIPC) being planned at Deendayal Port Trust, formerly Kandla Port Trust in Gujarat, are likely to open this month.

The ambitious SIPC project, spread over 1,425 acre near the port will be Country’s first industrial city of its kind. The aim is to build a port-based integrated industrial and urban development that will also increase cargo for Deendayal Port.

The project has already received the necessary environment clearances and a presentation was made to Public Investment Board (PIB) for approval in the last week of September. Once a formal nod from PIB is received, land auction notice will be out.

“Now, SIPC project awaits nod from Ministry of Finance,” said Port’s Chairman Mr. Ravi Parmar, IAS.

Out of the 1,425 acre of this greenfield project, the first phase has 580 acre wherein a planned smart urban township will be developed in the heart of Gandhidham-Adipur Complex comprising residential, commercial and institutional infrastructure. Of this, only 220 acre will be put up on the block later this month.

The plan is to have the SIPC three kilometres from the port.

The second phase – Modern Industrial Zone – will be spread over an area of 845 acre.

By auctioning 220 acre for industrial units, the port is likely to mop up anywhere above Rs 312 crore as each acre of the land parcel has a reserved price of around Rs 1.41 crore.

“There are a total of 20 plots spread over 220 acre. These plots are of varying sizes and will be given out on lease for a period of 60 years,” added Parmar.

At the moment, the bidding process is underway for setting up of basic infrastructure like grading of ground, land-filling, laying drainage and water lines, roads, electricity distribution lines, etc. For the entire project, the outlay for basic infrastructure is estimated to be around Rs 1,500 crore.

Under the first phase of the industrial park, the sectors in focus are edible oil, salt-based industries, furniture and engineering-fabrication. Therefore, there will be clusters for each of the sectors.

One of the benefits for the port will be having industries right next to it, which will ensure cargo. And not only will it open the doors for better connectivity to key international markets for the industries, it will also bring the transportation costs down as this Port is the most economical as well as the largest Major Port in the Country.