Navi Mumbai SEZ to start operations in 2019

Posted by Daily Shipping Times on 02-02-2018        Tweet

MUMBAI: Navi Mumbai Special Economic Zone Pvt. Ltd—promoted by Reliance Industries Ltd Chairman Mukesh Ambani, Jai Corp. India, SKIL Infrastructure Ltd and City and Industrial Development Corp (CIDCO)—will be developed in phases and be open to industrial units in 2019, two officials aware of the development said.

Recently, the Maharashtra Government allowed Navi Mumbai SEZ promoters to convert the SEZ into an integrated industrial area. The SEZ is proposed to be developed over 2,140 hectares in Dronagiri, Ulwe, and Kalamboli nodes in Navi Mumbai.

Following the Government’s decision, the SEZ will be able to use up to 15% of the total leased land—1,842 hectares at present—for residential purposes and the remaining 85% for industrial use.

“The intention is to get industries. In another two to three months, we will complete the approval process and documentation. We will then develop the area for all kinds of industries to come and set up shop,” said one of Senior Government official.