‘JNPT’s SEZ to attract R3,000-cr investment’

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Mumbai | Published: December 13, 2014 12:52:05 AM

Jawaharlal Nehru Port Trust's (JNPT) special economic zone project...

Jawaharlal Nehru Port Trust’s (JNPT) special economic zone project is expected to attract R3,000 crore of private investment, chairman NN Kumar said on Friday in Mumbai.

Spread over 2,077 hectares near the port, the SEZ is expected to create 1.5 lakh jobs in the area. Kumar said the port is taking steps to develop connectivity to the SEZ as well, for which it has undertaken expansion of the 44 km road network to the port to eight lanes from four.

JNPT is also working towards multimodal logistics park spanning 100 hectares to facilitate quick movement of goods and is tying up
with APEC to setup a training centre. He was speaking at CII’s International Logistics Summit.

Among other developments, JNPT is implementing the fourth terminal with Singapore Port Authority and Port of Antwerp is willing to work on another project with JNPT, Kumar said.

He added that the government is working on the ‘Sagarmala’ project under which it plans to develop coastal economic regions.

In May 2014, JNPT and Port of Singapore Authority (PSA) had signed a concession agreement for the R8,000 crore fourth terminal at the JNPT port. The fourth terminal would have a capacity of 4.8 million TEUs, and will be the fourth project by PSA in India.

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