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 triumphant 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.
With the recent allotment of 14 plots, totalling 42 hectares in the third phase, the cumulative leased-out area now stands at 101 hectares. Notably, some plots received bids that exceeded the reserve price by 40 per cent, indicating strong investor interest and confidence in the project.
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 boasts seamless connectivity through water, road, rail, and air, making it a strategic location for diverse sectors. Currently, 31 units have been allotted SEZ plots, covering 59 hectares, with one free trade warehousing zone (FTWZ) already operational. These units span various sectors, including warehousing, food processing, manufacturing, and trading.
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.
