The Jawaharlal Nehru Port Trust (JNPT), one of the 12 major ports in the country, plans to attract Rs 4,000 crore investments from public and private players for its special economic zone (SEZ), as per reports. The Jawaharlal Nehru Port Trust (JNPT) at Navi Mumbai (formerly known as the Nhava Sheva Port) is India’s number one container port handling more than half of the container cargo across all major ports in India.
Housing requirement generated from the SEZ development will be catered by the housing schemes planned by JNPT and CIDCO around SEZ site. According to sources, the project is planned to be developed in a phased manner and wholly funded by JNPT. The capital cost for infrastructure provisions is broadly estimated to be over Rs 500 crore. JNPT SEZ is an initiative under ‘Sagarmala’ national flagship policy of Ministry of Shipping.