US Consulate & American Chambers meet with JNPT to explore investment opportunities

Mar 21, 2017: In a boost to India’s first Port-led multiproduct special economic zone (SEZ), which is being developed by Jawaharlal Nehru Port Trust (JNPT), a team of top officials of US Consul and American Chambers visited the site location of SEZ at Uran to explore investment opportunities in Technology, Engineering, Pharma and other manufacturing facilities.

Gregory Taevs, Principal Commercial Officer of US Consulate, along with a group of principal investors of American Chambers, met with Anil Diggikar, Chairman of JNPT, to receive an experience of port facilities.

Explaining about the project, Diggikar said, “JNPT is aggressively on the move to develop this SEZ project in 277 hectares of land area to be developed under the EPC model (engineering, procurement & construction), in where, it is expected to generate huge employment. The free hold land area of JNPT is aimed to bring more than Rs 5,000 crore of investment in the SEZ, mostly from port-based industries.” JNPT SEZ is one of the ambitious plans under the Ministry of Shipping’s ‘Sagarmala’ project, which plans to build coastline development in India with an aim to attract over 4 trillion of investments from Port-led industries.

The SEZ is planned to build Free Trade Warehousing Zone, Engineering Goods sector, Electronics & Hardware sector and Pharma sector which would be aligned with the Central and State Government’s vision of inclusive growth.

With efficient rail-road infrastructure including 8-lane State & National highways, 9 Railway sidings and western coastal hub, JNPT SEZ is significantly linked with the proposed western node of Golden quadrilateral, Dedicated Freight Corridor (DFC) and International Airport near Navi Mumbai.