In a groundbreaking development, the Jawaharlal Nehru Port Authority Special Economic Zone (JNPA SEZ) is rapidly transforming into a dynamic hub for industrial progress in India. Situated strategically across an expansive 277.38 hectare of prime land, the SEZ boasts seamless connectivity through water, road, rail, and air.
Currently, the JNPA SEZ has allocated plots to 31 units, with 9 units and a Free Trade Warehousing Zone (FTWZ) already operational. These units span diverse sectors including warehousing, food processing, manufacturing, and trading, showcasing the versatility of this port-based operational multi-product SEZ.
The completion of essential infrastructure development, involving an investment of Rs 565 crore, has equipped the SEZ with plug-and-play ready facilities for roads, power, water, and other utilities. Serving as a Special Planning Authority (SPA) and the electrical distribution licensee for electricity, JNPA SEZ facilitates a streamlined approval process for investors, ensuring single-window clearance.
Sanjay Sethi IAS, Chairman of JNPA, underscored the authority’s commitment to industrial development, stating, “JNPA SEZ is not just a business hub; it’s a catalyst for economic progress.” He emphasized the authority’s dedication to unlocking the full potential of the SEZ for the benefit of investors and the region at large.
A key element in attracting investments has been the transparent E-Tender cum E-Auction process for a 60-year lease of SEZ land. Aggressive marketing efforts, including conclaves, investor summits, and B2B meetings, have resulted in maximum participation, promoting the ease of doing business.
Out of the 163 hectare of leasable land, 62 hectare have already been allotted to 31 units. The recent e-auction for 116 acre witnessed a remarkable response, with 21 bidders submitting bids for 15 plots. Notably, there was an overall 15 per cent increase in quotes for the plots above the reserve price, with some plots receiving bids surpassing 40 per cent above the reserve price.
Following the successful e-auction, JNPA has issued Letters of Intent (LOI) for the allotment of 14 plots to 14 successful bidders, including industry leaders like Welspun One and Fine Organics. This marks a significant milestone in contributing to the socio-economic development of the region, solidifying JNPA SEZ’s position as a powerhouse for industrial growth in India.