JNPT first major port for improving Ease of Doing Business

JNPT is the first major port in India to implement initiatives for improving the Ease of Doing Business and the JNPT SEZ has caught the attention of leading global and local investor community including industrial park developers, MNCs, private equity players, logistics players etc. Over 90 confirmed Expression of Interest have been received till date amounting to a cumulative interest of 1000+ acres of land at JNPT SEZ. The JNPT SEZ has successfully completed three phases of tenders for land allotment with participation of 40+ investors and ~75 acres of land at the SEZ has already been allotted to 16 companies. Focus has been on MSME industries till now, with 15 of 16 allotted companies being MSME. The port based SEZ has also attracted attention of several global investors and representatives of companies from USA, UAE, Taiwan, Singapore etc. have visited the site and expressed interest to set up units in SEZ. JNPT is planning to float two new tenders in November 2018 for allotment of ~320 acres of SEZ land for MSMEs (Plot size: 1 Acre to 10 Acres) and large-scale manufacturers (Plot size of ~285 acres).