The Special Economic Zone (SEZ) at Jawaharlal Nehru Port, also known as Nhava Sheva, is now operational, as the hub at Navi Mumbai looks to boost exports by enabling port-led industrialisation.
Five units have started construction activities, while two of them are operational at the SEZ, which is situated on 277 ha of free hold land owned by the port trust.
The two units where activities are underway comprise OWS LLP and Krish Food Industry (India), while three more companies are expected to commence construction activities soon.
Sanjay Sethi, IAS chairman, Jawaharlal Nehru Port Trust (JNPT), stated: “JNPT is confident of attracting leading global companies for making India a manufacturing hub as the infrastructure development underway in JNPT SEZ is as per the international benchmark.
“The potential units investment and the employment generation will give a boost to the entire eco-system around JNPT region.”
Until now, 19 micro, small and medium enterprises (MSMEs) and one free trade warehousing zone (FTWZ) co-developer have been allotted plots in the SEZ.
Once fully occupied, the zone is expected to generated Rs 4,000 crores (US$530m) of investments.
JNPT enjoys Special Planning Authority (SPA) status while the electricity distribution license is also in place. It is hoped that by already holding the necessary clearances, this will help to reduce setup time and costs for the units establishing themselves at the SEZ.
