New Delhi/August 10 (NG News)
A multi product Special Economic Zone (SEZ) would be developed at the prestigious Jawaharlal Nehru Port Trust (JNPT) at Sheva, Navi Mumbai whose foundation would be laid by Indian Prime Minister Narendra Modi on August 16, 2014.
An Indian government spokesperson said that the proposed SEZ would be developed on 277 hectares land in Public and Private mode at a cost of Rs 4,000 Crore and it would be created as a Self-Sustainable Integrated Development Project having a potential of generating over 1.5 lakh direct and indirect jobs.
“The ambitious SEZ to be developed through JNPT-SPV (Special Purpose Vehicle) under the Engineering, Procurement & Construction (EPC) mode is scheduled to be completed within three years,” said the spokesperson.
The spokesperson said that with a focus on the upcoming sectors of India, the SEZ would develop 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.
“Besides this, a Port Connectivity Highway Project at a cost of Rs 1927 Crores would be completed by December 2017 and The Ministry of Shipping would execute this Project on (Engineering, Procurement & Construction (EPC) mode through the Special Purpose Vehicle (SPV). The project has been undertaken under the National Highway Development & Port Connectivity Program of the union government,” added the spokesperson.