Govt clears JNPT SEZ project

Government has approved the first phase of SEZ project to be developed by Jawaharlal Nehru Port Trust (JNPT) at its facility near Mumbai. The trust has earmarked 750 acre and will spend around Rs 4,000 crore for this development. JNPT would start the work soon to take advantage of benefits offered by the government in terms of taxation, which may probably not continue beyond March 2012.Contact: Jawaharlal Nehru Port Trust.Tel: 022-2724 4001.Fax: 022-2724 2642.E-mail: chairman@jnport.gov.in Website: www.jnport.com