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JN Port expeditiously developing India’s first port-based multi-product SEZ under Sagarmala programme

 

The Ministry of Shipping’s ambitious programme, Sagarmala, which is expected to attract over Rs 4 trillion of investments from Port-led industries, is fast advancing towards creating a hallmark of opportunities in India which could transform the sector in a big way. Unleashing the opportunity, Jawaharlal Nehru Port Trust (JNPT) is in full swing to add value in the country’s port sector by developing the first-of-its-kind Port-based multi-product Special Economic Zone (SEZ) near Uran, in Navi Mumbai. The Prime Minister, Mr Narendra Modi, laid the foundation stone for JNPT SEZ in 2014 with a firm view to develop it as one of the best investment destinations for various industries.

 

JNPT, India’s No. 1 container port, will develop the SEZ in 277 hectares of land area to be developed under the EPC model (engineering, procurement and construction). JNPT SEZ is expected to generate more than 1.5 lakh direct and indirect employment in the region. The free-hold land of 277 hectares is expected to bring more than Rs 5,000 crore of investment in the region, mostly from port-based industries.

 

The SEZ will be developed with free trade warehousing zone, engineering goods sector, electronics and hardware sector and pharma sector which itself would align with the Central and state government’s vision of inclusive growth to develop an eco-friendly business environment.

 

JNPT SEZ has acquired all regulatory clearances, and is surrounded by the most industrialised state of Maharashtra with having excellent last mile linkage to JN Port. The SEZ is connected with efficient rail-road infrastructures, including 8-lane state and National highways, 9 railway sidings, western coastal hub. Also, the 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 such as world-class utilities under one-roof and customizable plot sizes and all taxes and duty benefits under SEZ Act.

 

JNPT SEZ has on-boarded 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 as part of initiative towards Green.

 

JN Port is the biggest container port in the country, handling around 55 per cent of total containers handled by all Major Ports in India, besides handling dry bulk cargo, break-bulk cargo and liquid bulk cargo. JNPT also provides value-added services like container freight stations and facilitation of rail handling. In its coveted role as the hub Port on the west coast of India, JNPT is among the top 40 ports in the world, consistently handling cargo close to 4.5 million TEUs, and is the gateway port to 60+ global destinations. The multimodal link to the hinterland has great competitive advantages compared to the other ports in India. An already investment-friendly port with three existing terminals operated by DP World, APMT and JNPT, it is working on developing fourth container terminal to be operated by Port of Singapore Authority. JNPT is also in the process to increase the draught from 14 metres to 15 metres to dock bigger vessels, said a release.

 

Source: Exim News Service - Navi Mumbai, Jan. 11

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