JNPT SEZ plans to attract Rs 4,000 cr investment, generate jobs

JNPT SEZ plans to attract Rs 4,000 cr investment, generate jobs

India's largest container port, Jawaharlal Nehru Port Trust (JNPT), plans to attract Rs 4,000 crore investments from public and private players for its special economic zone (SEZ), according to a draft proposal.

A report on the draft development proposal for JNPT SEZ claimed that the SEZ is planned to attract public and private investments of about Rs 4,000 crore, generate around 72,600 job opportunities, and enhance JNPT Port traffic while providing the utmost ease of doing business for investors.

Housing requirements generated from the SEZ development will be catered by the housing schemes planned by CIDCO and JNPT around the SEZ site.

The project is planned to be developed in a phased manner and wholly funded by JNPT, and the capital cost for infrastructure provisions is estimated to be over Rs 500 crore, as per the draft proposal.

JNPT SEZ is an initiative under the Sagarmala policy of the Ministry of Shipping.

Sagarmala is an ambitious national initiative aimed to bring about a step-change in India's logistics sector performance, by unlocking the full potential of India's 7,500 km coastline and 14,500 km of potentially navigable waterways.

The motto of Sagarmala is to reduce logistics cost for both domestic and import-export cargo with optimised infrastructure investment.

With 8 million TEU (twenty-foot equivalent) capacity, JNPT is ranked 28th amongst the world's top 100 container terminals.

The port plans a capacity expansion to 10 million TEUs by 2022 to occupy a slot among 18 top ports of the world.

Also read: MSEDCL to supply power to JNPT

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