Jawaharlal Nehru Port Authority Special Economic Zone (JNPA SEZ) in India has successfully allocated 14 plots through a transparent e-tender and e-auction process. The SEZ, spread over 277.38 hectares, boasts seamless connectivity via water, road, rail, and air. So far, 31 units of SEZ land have been allocated, with 9 units and one Free Trade Warehousing Zone (FTWZ) already operational in various sectors such as warehousing, food processing, manufacturing, and trading. The JNPA SEZ has completed the development of essential infrastructure and provided plug-and-play road, power, water, and other utilities facilities through an investment of INR 565 Cr.
The transparent e-tender and e-auction process for a 60-year lease of SEZ land was crucial in attracting investments, with 21 bidders placing bids on 15 properties. Of the 163 hectares of leased area, 62 hectares have already been allocated to 31 units. The recent e-auction for 116 acres saw a remarkable response, with offers overall 15% above the reserve price. Following the successful e-auction, JNPA has issued Letters of Intent (LOI) for allotment of 14 plots to 14 successful bidders including leading companies such as Welspun One and Fine Organics, marking a significant milestone for the socio-economic development of the region.
Sanjay Sethi IAS, Chairman, JNPA highlighted the authority’s commitment towards industrial development and aims to unlock the full potential of the special economic zone for the benefit of investors and the region. The successful allocation of plots and the SEZ’s aggressive marketing efforts have resulted in maximum participation and ease of doing business for investors.
More Stories
Oil Spill Forces Beach Closures on Sentosa Island, Singapore
Greece to Impose Restrictions on Cruise Ships to Combat Overtourism
Ukrainian-owned bulker abandoned and drifting in Gulf of Aden