JNPT announces commencement of its special economic zone

Jawaharlal Nehru Port Trust (JNPT) has achieved an another mile stone in development of SEZ by becoming the first-of-its-kind operational Port based multi-product SEZ. The port has announced that two units of its Special Economic Zone namely, OWS LLP and Krish Food Industry have completed their first phase of operational activity and are declared operational units by Development Commissioner, SEEPZ, SEZ. The port has been developing a multi-product Special Economic Zone (SEZ) in its freehold land of 277 hectares at Navi Mumbai. The SEZ aims to boost exports by enabling port-led industrialisation under the Sagarmala initiative of the Ministry of Shipping. The foundation stone of the project was laid by the Prime Minister, Narendra Modi in August 2014.

Sanjay Sethi, IAS, Chairman, JNPT, said, “For JNPT, this is truly a great occasion as JNPT becomes the first port where port-led economic development is evolving successfully. 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.”