Hindustan Infralog to invest Rs 1000 crore in JNPT Free Trade Zone

Hindustan Infralog Private Limited (HIPL), a joint venture between DP World and National Investment & Infrastructure Fund (NIIF) has announced an investment of Rs 1000 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.
Rizwan Soomar, CEO & MD, 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.”