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India’s first port-based JNPT SEZ starts operation

India’s first port-based JNPT SEZ starts operation
Jawaharlal Nehru Port Trust (JNPT) Special Economic Zone (SEZ) is now operational, becoming the first of its kind operational port-based multi-product SEZ in India.

Two units in JNPT SEZ, namely OWS LLP and Krish Food Industry (India), have completed their first phase of operational activity and are declared operational units by the Indian Development Commissioner, SEEPZ, SEZ.

Apart from the first two companies, three more companies are likely to commence their construction activities soon.

“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,” said Sanjay Sethi, IAS, chairman, JNPT.

The multi-product port based SEZ aims to boost exports by enabling port-led industrialisation under the Sagarmala initiative of the Ministry of Shipping. The foundation stone of the project was laid by Prime Minister Shri Narendra Modi in August 2014.

The SEZ once fully occupied is expected to create 57,000 jobs.

JNPT is the biggest container handling port in India accounting for around 52% of the total containerised cargo volume, across the major ports of India.

 

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