JNPT SEZ plans to attract Rs 4,000 cr investment, generate jobs
PORTS & SHIPPING

JNPT SEZ plans to attract Rs 4,000 cr investment, generate jobs

India's largest container port, Jawaharlal Nehru Port Trust (JNPT), plans to attract Rs 4,000 crore investments from public and private players for its special economic zone (SEZ), according to a draft proposal.

A report on the draft development proposal for JNPT SEZ claimed that the SEZ is planned to attract public and private investments of about Rs 4,000 crore, generate around 72,600 job opportunities, and enhance JNPT Port traffic while providing the utmost ease of doing business for investors.

Housing requirements generated from the SEZ development will be catered by the housing schemes planned by CIDCO and JNPT around the SEZ site.

The project is planned to be developed in a phased manner and wholly funded by JNPT, and the capital cost for infrastructure provisions is estimated to be over Rs 500 crore, as per the draft proposal.

JNPT SEZ is an initiative under the Sagarmala policy of the Ministry of Shipping.

Sagarmala is an ambitious national initiative aimed to bring about a step-change in India's logistics sector performance, by unlocking the full potential of India's 7,500 km coastline and 14,500 km of potentially navigable waterways.

The motto of Sagarmala is to reduce logistics cost for both domestic and import-export cargo with optimised infrastructure investment.

With 8 million TEU (twenty-foot equivalent) capacity, JNPT is ranked 28th amongst the world's top 100 container terminals.

The port plans a capacity expansion to 10 million TEUs by 2022 to occupy a slot among 18 top ports of the world.

Also read: MSEDCL to supply power to JNPT

Image Source

India's largest container port, Jawaharlal Nehru Port Trust (JNPT), plans to attract Rs 4,000 crore investments from public and private players for its special economic zone (SEZ), according to a draft proposal. A report on the draft development proposal for JNPT SEZ claimed that the SEZ is planned to attract public and private investments of about Rs 4,000 crore, generate around 72,600 job opportunities, and enhance JNPT Port traffic while providing the utmost ease of doing business for investors. Housing requirements generated from the SEZ development will be catered by the housing schemes planned by CIDCO and JNPT around the SEZ site. The project is planned to be developed in a phased manner and wholly funded by JNPT, and the capital cost for infrastructure provisions is estimated to be over Rs 500 crore, as per the draft proposal. JNPT SEZ is an initiative under the Sagarmala policy of the Ministry of Shipping. Sagarmala is an ambitious national initiative aimed to bring about a step-change in India's logistics sector performance, by unlocking the full potential of India's 7,500 km coastline and 14,500 km of potentially navigable waterways. The motto of Sagarmala is to reduce logistics cost for both domestic and import-export cargo with optimised infrastructure investment. With 8 million TEU (twenty-foot equivalent) capacity, JNPT is ranked 28th amongst the world's top 100 container terminals. The port plans a capacity expansion to 10 million TEUs by 2022 to occupy a slot among 18 top ports of the world. Also read: MSEDCL to supply power to JNPTImage Source

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000