Hindustan Infralog to invest 1,000 crore in JNPT FTZ

industan Infralog Private Limited (HIPL), a joint venture between DP World and National Investment & Infrastructure Fund (NIIF) has announced an investment of `1,000 crore in developing its Nhava Sheva Business Park (NSBP) Free Trade Zone (FTZ) in Mumbai. NSBP, a Special Purpose Vehicle, is a co-developer for the Jawaharlal Nehru Port Trust (JNPT) SEZ. The company has signed a lease agreement with JNPT for the project. The FTZ is on a long-term lease of 60 years and is located 5 kms away from JNPT.

HRizwan Soomar, CEO & Managing Director, DP World Subcontinent, said, “The Free Trade Zone will be ready towards the end of 2021. This investment reinforces DP World’s strategy and commitment to India, and strengthens our integrated logistics portfolio in the country. Alongside DP World’s global network of ports & terminals and inland logistics infrastructure in the region, the FTZ will provide a seamless experience for both domestic and international customers.”

Its strategic proximity to the port, the upcoming Navi Mumbai International Airport, Western Dedicated Freight Corridor and National Highways, provides quick and direct access to domestic and global markets. It will offer long-term advantages to domestic as well as global traders and manufacturers, by enabling reliable and fast movement of cargo. The facility will be equipped with state-of-the-art infrastructure like specialised multi-product and temperature-controlled warehouses, and a container yard.