JNPT-SEZ confers second land allotment to successful bidders

Port-led economic growth and acceleration of industrial growth have been accorded priority by the central government. Setting up of the multi-product JNPT-SEZ on freehold land of 277 hectares was conceived under the aegis of Sagarmala programme of the Ministry of Shipping, and is expected to attract global majors and be a game changer for the economy of the region. Nitin Gadkari, Minister for Shipping, Road Transport, Highways and Water Resources, River Development & Ganga Rejuvenation, Govt. of India, handed over the second round of land allotment certificates to successful bidders. Out of 450 acres of the leasable land for development, 75 acres have been allotted to 16 investors and JNPT

`630 has collected a premium of crore by allotting these to successful bidders through three tenders floated by it. Out of 16 bidders, 15 companies fall under the MSME category, signalling the potential to create good employment opportunities that will primarily benefit the local people. Ten bidders were awarded Letter of Intent at the event held in Mumbai. “JNPT-SEZ is making smooth progress and I am very happy that global investors are taking great interest in setting up their units at JNPT-SEZ. Making India an industrial hub and producing goods in India at competitive costs are major goals, and JNPT-SEZ will go a long way in fulfilling them,” said Gadkari.