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Stalled SEZs to get Modi booster

The Prime Minister Narendra Modi on Saturday said that the government was concerned at the large number of stalled special economic zone (SEZ) projects across the country. 

Modi said that a high-level team has been constituted to review the problems and resolve them at the earliest. He was speaking after laying the foundation stone of Jawaharlal Nehru Port Trust Special Economic Zone (SEZ), at Sheva in Navi Mumbai.

The Rs 4,000 crore JNPT SEZ  will be spread over 277 hectares and will be located near the port. It is planned as a self-sustainable integrated development project having potential to generate 1.5 lakh direct and indirect jobs.  

The SEZ will be developed through a Special Purpose Vehicle under the EPC (Engineering, Procurement and Construction) mode and is expected to be ready in three years.

The Prime Minister said his government had conceived the Sagarmala, an ambitious project for maritime states. This would envisage not merely port development, but port-led development which would include ports, SEZs; rail, road, air and waterway connectivity with the hinterland, including linkages of cold storage and warehousing facilities.

Noting that two-thirds of all global trade, and 50% of container trade happens through the Indian Ocean, Modi highlighted the importance of the ports sector. “Ports can become gateways to India’s prosperity,” he added.

Modi said export promotion was the need of the hour. “Until we join manufacturers in export promotion, and unless states and Centre work together, we cannot achieve new heights in exports” he observed. 

The Prime Minister added that the Union government had recently convened a meeting with States to understand bottlenecks in exports, and states would soon be given the right to form their own Export Promotion Councils. “Let there be competition among states for exports,” the Prime  Minister said.

Meanwhile, Modi also laid the foundation stone for widening of port connectivity road from JNPT to the National Highway and symbolically handed over land allotment letters to JNPT Project affected persons under the 12.5% scheme.

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