The Jawaharlal Nehru Port Trust (JNPT) on Monday achieved another milestone when two units started operations at its multi-product Special Economic Zone (SEZ).
Spread over its free hold land of 277 hectares at Navi Mumbai, the multi-product port based SEZ aims to boost exports by enabling port-led industrialisation under Sagarmala initiative of the Ministry of Shipping.
The foundation stone of the project was laid by Prime Minister Narendra Modi in August 2014.
The two units, OWS LLP and Krish Food Industry (India) have completed their first phase of operational activity and have been declared as operational units by Development Commissioner, SEEPZ, SEZ.
Apart from the first two companies, three more companies are likely to commence their construction activities soon.
“For JNPT, this is truly a great occasion as JNPT becomes the first port where Port-led economic development is evolving successfully. JNPT is confident of attracting leading global companies for making India a manufacturing hub as the infrastructure development underway in JNPT SEZ is as per the international benchmark. The potential units investment and the employment generation will give a boost to the entire entire eco-system around JNPT region. I thank Development Commissioner, SEEPZ, Ministry of Commerce, GoI for their timely support and guidance in developing and operationalising the first Port based multiproduct SEZ and I thank all the stakeholders too for the timely support in making this possible.”~ Sanjay Sethi, IAS, Chairman, JNPT
All together there are 19 MSME and 1 Free Trade Warehousing Zone (FTWZ) co-developer who have been allotted the plots in JNPT SEZ till date. It is expected that all the remaining units will follow the suit and become operational in the near future.
Over the last months, JNPT has been continuously working towards successful operationalisation of the SEZ. The SEZ once fully occupied is expected to generate INR 4,000 Crores of investments and create 57,000 jobs in the SEZ.