Real estate brings in wind fall revenue to Jawaharlal Nehru Port

The funds were generated through the leasing of 14 plots, covering a vast expanse of 42 hectares, within the JNPA special economic zone (SEZ) located in Uran Taluka of Raigad district. This SEZ has been strategically developed to foster industrial growth and contribute to the overall socio-economic development of the region.

Following the successful auction, JNPA has issued letters of intent (LoI) to 14 bidders, including prominent industry players such as Welspun One and Fine Organics.

This development marks a significant milestone in advancing the goals of the Sagarmala national flagship policy, focusing on export growth, investment attraction, employment generation, and port-led industrialisation. The JNPA SEZ, spanning 277 hectares, is a key initiative aimed at providing state-of-the-art infrastructure to facilitate industrial and commercial activities.

Out of this total area, 163 hectares have been designated as leasable land for industrial and commercial purposes, while the remaining land is dedicated to supporting essential infrastructure facilities. Sanjay Sethi, chairman of JNPA, emphasised the commitment to industrial development, stating, “the SEZ is not just a business hub but a catalyst for economic progress. By fostering a conducive business environment, we aim to unlock the full potential of this SEZ for the benefit of our investors and the region at large.”

The SEZ  has seamless connectivity through water, road, rail, and air, making it a strategic location for diverse sectors. JNPA has invested Rs 565 crore in developing essential infrastructure to expedite the commencement of operations for the allocated units, reinforcing its commitment to fostering industrial growth and economic prosperity in the region.