Saturday 16 August 2014

PM lays foundation of Rs 4000 crore SEZ at JNPT

Prime Minister Narendra Modi on Saturday laid the foundation stone of the much awaited Rs 4000 crore port based SEZ (Special Economic Zone) at JNPT (Jawarhar Lal Nehru Port Trust) at Navi Mumbai.

The Prime Minister also laid the foundation of a Rs 1926.57 crore port connectivity highway project along with the allocation of land for project affected persons.


While inaugurating the project, Modi said that his govt is ready to welcome FDI into shipbuilding. He also emphasised upon the importance of the coastal highway (Sagarmala) project and location of upcoming airports near big ports in order to facilitate trade.


Addressing the media after the inauguration ceremony, Modi also reiterated his stand on his 'make in India policy'.


Meanwhile, it is learnt that the SEZ project will be completed within a time frame of three years.


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