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Jawaharlal Nehru Port Trust SEZ plans to attract Rs 4,000 cr investment

Monday, 18 Jan 2021
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The Jawaharlal Nehru Port Trust (JNPT), one of the 12 major ports in the nation, is planning to attract Rs 4,000 crore investment from public and private players for its special economic zone (SEZ). 
JNPT at Navi Mumbai, Maharashtra, handles more than half of the container cargo across all major ports in India with a present market share of 52 per cent of major port container traffic. 
As per the draft proposal, the project is planned to be developed in a phased manner and will be wholly funded by JNPT. The capital cost for infrastructure provisions is broadly estimated to be more than Rs 500 crore. 
The SEZ is planned to create around 72,600 direct job opportunities, attract public and private investments of around Rs 4,000 crore, enhance JNPT Port traffic while providing the utmost ease of doing business for investors.  
It is planned to generate total employment with multiplier effect to the tune of 1,50,000. Housing requirement generated from the SEZ development will be catered by housing schemes planned by JNPT and CIDCO around SEZ site.
JNPT SEZ is an initiative under Sagarmala Programme national flagship policy of the Ministry of Shipping.
Sagarmala Programme is a national initiative aimed at bringing 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.
With eight million TEU capacity, the port is ranked 28th amongst the top 100 container terminals of the world. It plans a capacity expansion to 10 million TEUs by 2022 to occupy a slot among 18 top ports of the world.
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