Narendra Modi to Lay Foundation of JNPT $666mn Free Trade Warehousing Zone a Day after 15 Aug Independence Day

$321mn Eight Lane Road to JNPT Planned to Beef up Connectivity

Prime Minister Narendra Modi will lay the foundation stone for the Rs 4,000-crore port-based multi-product special economic zone at Jawaharlal Nehru Port Trust at Sheva, Navi Mumbai, on 16 August. Leading Mumbai based Ministers Piyush Goyal, Nitin Gadkari and Anand Geetha besides Maha CM Chavan to attend.

“The proposed industrial infrastructure in 277 hectares with a total public and private investment of Rs 4,000 crore said to generate 1.5 lakh direct and indirect jobs.

The ambitious SEZ, to be developed through JNPT-SPV (Special Purpose Vehicle) under the engineering, procurement and construction (EPC) mode, will be completed in three years.

SEZ will develop a free trade warehousing zone, engineering goods sector, electronics and hardware sectors, non-conventional energy sector, multi services (IT and healthcare) sectors and apparel and textiles sectors.

Modi will also lay the foundation stone for a Port Connectivity Highway Project at the JNPT and also allot land to JNPT project affected persons (PAPs) under the 12.5 per cent scheme.

The port connectivity highway project with a cost is Rs 1,926.57 crore will be completed by December, 2017.

The Ministry of Shipping has decided to execute this project on EPC mode through SPV. The project has been undertaken under the National Highway Development & Port Connectivity Programme of the Union government.