14.7.15

JNPT SEZ snippets


The master plan for the Jawaharlal Nehru Port Trust (JNPT) SEZ has been sent for approval to the union ministry of shipping. A soft launch of the JNPT project and construction work on site may begin by the end of this year or the beginning of next year.
JNPT authorities have already commenced basic infrastructure works and have completed 85% of land-filling work while construction of a boundary wall is in progress.JNPT will also have to put in place other basic infrastructure facilities such as sewerage system, road and electricity among others.
“We have sent the master plan to the ministry of shipping and we are waiting their approval. We are looking at investments which will have port-related activity and will also have dedicated cargo for the port. For the units here, the port will reduce the cost of logistics and we are looking at industries, which will generate large employment,“ said Neeraj Bansal, the deputy chairman and in-charge chairman of JNPT.
The JNPT project is eyeing an investment of Rs.3,500 crore from Indian and global majors into the SEZ project, which will be spread over an area of 277 hectares.
The Port Trust will invest about Rs.468 crore in developing infrastructure facilities at the SEZ. The likes of Port of Singapore, Dubai Ports World and Gateway Terminal of India have evinced interest in the SEZ project and JNPT is looking at investments from firms associated with them.
A JNPT official said, “A marketing strategy is being readied and we will start marketing of the project very soon. “ The official added that they may also carry out road shows as part of the marketing plan.JNPT is being assisted by E&Y consulting firm.

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