Jawaharlal Nehru Port Trust, which is developing a 277 Ha of multi-product SEZ to promote Indian manufacturing sector in the global markets, recently hosted an investors’ summit in association with World Free Trade Zone (WFZO), Geneva and Export Promotion Council for EoUs and SEZs (EPCES) in Mumbai to introduce “JNPT SEZ” and the the facilities provided for the investors in manufacturing sector.
The summit had panel discussions on current and crucial topics like GST, port led industrialisation and SEZ in addition to networking session and site visit for the investors.
Key dignitaries including Mr. Anil Diggikar, Chairman, JNPT; Dr. John Joseph, Chief Commissioner of Jawahar Customs, Nhava Sheva; Mr E. Sabri Ergen, Consul General of Turky; Mr. N V Kulkarni, Commissioner, Central Excise and Service Tax; Mr. Deepak Matta, Director, NACEN; Mr. VP Shukla, Joint Developement Commissioner- Mumbai; Mr. Pravin Chandra, Joint Development Commissioner, Pune; Mr P C Nambiar, Secretary, World Free Zone Organisation-Geneva; Mr Robin Banerjee- Managing Director of Caprihans India Limited; Mr. S. V. Madhabhavi, CM(PPD), JNPT; Dr. C.Unnikrishnan, CM (T)- JNPT and Mr S Sittarasu, CEO, JNPT SEZ were present on this occasion to interact with a large number of industry practitioners.
“JNPT is aggressively developing the SEZ project in 277 hectares of freehold land area. Port has taken significant steps to enhance Ease of doing Business by developing utilities and providing single window clearance to the investors, the Investor facilitation cell etc. The project is expected to generate huge amount of investment and employment in the SEZ, mostly from port-based industries,” said Mr Diggikar in his opening speech. According to him, JNPT SEZ is one of the most progressive 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 Panel Discussion on ‘Role of Port based SEZ in industrial development of India’ was moderated by Mr. Shivaprasad Raja from Boston Consulting Group. In this session panelists agreed that infrastructure at JNPT SEZ would aid significantly in providing actual ease of conducting business to the investors. It is pertinent to mention that JNPT has already allocated over 500 cr in developing the land and providing utilities like water, power, road, STP for industries to enable ‘plugn-play‘ facility for the investors. “Units just need to approach the Unit Approval Committee (UAC) to get the required approvals. Approval from UAC means units have got all the required approvals-environmental, fire and safety etc,” Mr. Shukla unveiled.
The Panel Discussion II on the topic ‘Impact of GST on SEZ’, moderated by Mr. Nambiar, highlighted new GST rules coming into force. With an objective to bring clarity in investors’ minds Dr. Joseph said, “JNPT SEZ will provide 24×7 customs operations to ensure efficient custom clearance. JNPT SEZ will enjoy zero rated imports, meaning inputs–from both domestic and international markets- would have zero duties. An SEZ unit will enjoy duty free imports and exports. Chief Commissioner also complemented Chairman-JNPT, CEO-JNPT SEZ & team for
doing commendable job in recent progress in establishing JNPT SEZ. “JNPT SEZ very well complements
government’s initiative to promote ease of business along with the GST rules,” he added.
“The JNPT SEZ comes with significant business incentives of all taxes and duty benefits under SEZ Act, world class utilities under one-roof, customizable plot sizes and best in class connectivity – all these establish JNPT SEZ as the preferred investment destination in India today for its value propositions,” the Port sources also asserted.
Key Highlights of JNPT SEZ:
- The foundation stone of JNPT SEZ, which is coming up in 277 hectares of land, was laid by PM
- JNPT is investing more than 500 Cr in developing the infrastructure of the SEZ. Development
works are in full swing
- SEZ provides best in class connectivity through proximity with port, upcoming Navi Mumbai
airport, rail and road connection