PM Modi to lay foundation of SEZ at Jawaharlal Nehru Port Trust

Prime minister  Narendra Modi is to lay the foundation of a port- based multi-product Special Economic Zone (SEZ) at the Jawaharlal Nehru Port Trust  (JNPT)  at Sheva, Navi Mumbai 16 August.

‘The proposed industrial infrastructure in 277 hectares with a total public and private investment of Rs 4,000 crore is planned as a self-sustainable integrated development project having a potential of generating 1.5 lakh direct and indirect jobs,’ an official statement said today.

The ambitious SEZ, to be developed through JNPT-SPV (Special Purpose Vehicle) under the engineering, procurement and construction (EPC) mode, will be completed in three years.

With focus on the collaborating upcoming sectors of India, the SEZ will develop a free trade warehousing zone, engineering goods sector, electronics and hardware sectors, non-conventional energy sector, multi services (IT and healthcare) sectors and apparel and textiles sectors, the statement said.

Modi will also lay the foundation stone for a Port Connectivity Highway Project at the JNPT and also allot land to JNPT project affected persons (PAPs) under the 12.5 per cent scheme.

The statement said the projects have been expedited by Minister of Road Transport, Highways & Shipping & Rural Development, Nitin Gadkari in the last two months.

The port connectivity highway project with a cost is Rs 1,926.57 crore will be completed by December, 2017.