JNPT SEZ plans to attract Rs 4,000 cr investment, generate jobs
19 Jan 2021
2 Min Read
CW Staff
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
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 JNPTImage Source
Next Story
Dassault To Build Falcon Jets In India With Reliance
Reliance Infrastructure Ltd鈥檚 subsidiary, Reliance Aerostructure, has signed an agreement with France鈥檚 Dassault Aviation to manufacture Falcon 2000 business jets in India, with the first batch expected to roll out from its Nagpur facility by 2028. This marks the first time a Falcon aircraft will be entirely built outside France.The announcement sent Reliance Infrastructure shares surging, hitting the 5 per cent upper circuit on the BSE. Anil Ambani, Chairman of Reliance Group, hailed the agreement as a 鈥渟ymbol of India鈥檚 technological and manufacturing strength鈥�, adding that it aims..
Next Story
INDEA Lays Foundation for India鈥檚 First Auto Design School
The Indian School for Design of Automobiles (INDEA), the country鈥檚 first institute focused solely on automobile design and management, held its foundation stone ceremony at XLRI Delhi-NCR. The event was graced by Union Minister for Road Transport and Highways, Nitin Gadkari, who virtually unveiled the stone as Chief Guest.INDEA aims to become a premier talent hub, driving innovation in the Indian automotive sector. The school will focus on advanced design, mobility solutions, and sustainable practices, playing a vital role in shaping India鈥檚 transition from a cost-driven to a quality-led a..
Next Story
Karnataka Launches Global Innovation Hub at Airport City
The Government of Karnataka, in collaboration with Bengaluru Airport City Limited (BACL) and ANSR, has launched a global innovation hub named District I at Bengaluru Airport City's business park. The initiative aims to elevate India鈥檚 innovation ecosystem to a global scale by fostering collaboration among startups, academia, enterprises, and government bodies.District I will serve as a platform for deep-tech entrepreneurship, enterprise innovation, and commercialisation of academic research. It brings together Global Capability Centres (GCCs), IT firms, corporate labs, startups, venture capi..
