Prime Foundation for SEZ at JNPT
The foundation of the proposed R4,000 crore special economic zone at Jawaharlal Nehru Port Trust (JNPT) was laid by the Indian PM.
The foundation stone of much awaited port based Special Economic Zone (SEZ) at Jawahar Lal Nehru Port Trust (JNPT) was laid down by Prime Minister Narendra Modi recently. This industrial infrastructure project is to be established on 277 hectares with a total Public and Private investment of about
R4,000 crore. With a focus on the upcoming sectors of India, the SEZ will develop Free Trade Warehousing Zone (FTWZ), engineering goods, electronics and hardware, non-conventional energy sector, multi services (IT and Healthcare) and apparel and textiles sectors.
The Port Connectivity Highway Project with a cost of R1927 crore is
scheduled to be completed by December 2017. The Ministry of Shipping has decided to execute this project on (Engineering, Procurement & Construction (EPC) mode through the Special Purpose Vehicle (SPV).
The project has been undertaken under the National Highway Development & Port Connectivity Programme of the Union Government.
While inaugurating the project, Modi said that the Government is
Modi said that the Government is ready to welcome FDI into shipbuilding. He also emphasised upon the importance of the Sagarmala project and location of upcoming airports near big ports to facilitate trade
ready to welcome FDI into shipbuilding. He also emphasised upon the importance of the Sagarmala project and location of upcoming airports near big ports to facilitate logistics and trade.
Earlier, we focussed on port development but now we need to move to port-led development, he said.
Due to rapid development in the area on account of development of JN Port, JNPT-SEZ, and the proposed International Airport, etc.
It was felt necessary to augment the carrying capacity of the existing road network to 6/8 lane configuration by providing improved facilities comprising of flyovers, railway over bridges, interchanges etc for uninterrupted flow of traffic plying on the road network connecting the Port and the National Highways.