Announces the successful allotment of 14 plots through a transparent E-Tender cum E-Auction process.
Jawaharlal Nehru Port Authority Special Economic Zone (JNPA SEZ), the pioneering port-based operational multi-product Special Economic Zone in India, is making significant strides in industrial development. Spanning an expansive 277.38 hectares of prime land, JNPA SEZ is strategically positioned with seamless connectivity through water, road, rail, and air.
As of now, 31 units have been allotted SEZ plots, with 9 units and one Free Trade Warehousing Zone (FTWZ) already in operation. These operational units are engaged in diverse sectors such as warehousing, food processing, manufacturing, and trading.
JNPA SEZ has completed the development of essential infrastructure, providing plug-and-play ready facilities for roads, power, water, and other utilities to expedite the commencement of operations for the allocated units by investing INR 565 Cr. As a Special Planning Authority (SPA) and Electrical distribution licensee for electricity, JNPA SEZ ensures single-window clearance, streamlining the approval process for investors.
Mr. Sanjay Sethi IAS, Chairman of JNPA, emphasized the authority’s commitment to industrial development, stating, “JNPA SEZ is not just a business hub; it’s a catalyst for economic progress. By providing state-of-the-art infrastructure and 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 transparent E-Tender cum E-Auction process for a 60-year lease of SEZ land has been pivotal in attracting investments. Aggressive marketing efforts through conclaves, investor summits, and B2B meetings have resulted in maximum participation, promoting the ease of doing business.
Out of the 163 hectares of leasable land, 62 hectares have already been allotted to 31 units. The recent e-auction for 116 Acres saw a remarkable response, with 21 bidders submitting bids for 15 plots. Notably, there was an overall 15% increase in quotes for the said plots above the reserve price, wherein few plots receiving bids surpassing 40% above the reserve price.
Following the successful e-auction, JNPA has issued Letters of Intent (LOI) for the allotment of 14 plots to 14 successful bidders, which includes leading industry like Welspun One and Fine Organics, marking a significant milestone in contributing to the socio-economic development of the region.
