India’s First Port Based SEZ - JNPT SEZ - is Now Operational

JNPT, the premier container port in the country is developing a multi-product Special Economic Zone (SEZ) in its owned free hold land of 277 hectares at Navi Mumbai. The multi-product port based SEZ aims to boost exports by enabling port-led industrialization under Sagarmala initiative of Ministry of Shipping. The foundation stone of the project was laid by the Honorable Prime Minister, Shri Narendra Modi in August 2014. JNPT reached yet another mile stone in development of SEZ by becoming the first of its kind operational Port based multi-product SEZ. Two units in JNPT SEZ namely, M/s OWS LLP and M/s Krish Food Industry (India) have completed their first phase of operational activity and are declared operational units by Development Commissioner, SEEPZ, SEZ. The efforts rendered by these units during the challenging times of Covid-19 are commendable. Apart from the first 2 companies, 3 more companies are likely to commence their construction activities soon. Commenting on the progress of SEZ, Mr. Sanjay Sethi, IAS, Chairman, JNPT said, “For JNPT, this is truly a great occasion as JNPT becomes the first port where Port-led economic development is evolving successfully. JNPT is confident of attracting leading global companies for making India a manufacturing hub as the infrastructure development underway in JNPT SEZ is as per the international benchmark. The potential units investment and the employment generation will give a boost to the entire entire eco-system around JNPT region. I thank Development Commissioner, SEEPZ, Ministry of Commerce, GoI for their timely support and guidance in developing and operationalizing the first Port based multiproduct SEZ and I thank all the stakeholders too for the timely support in making this possible.”