Mumbai : Prime Minister Narendra Modi will lay the foundation of a port-based multi-product Special Economic Zone (SEZ) at the Jawaharlal Nehru Port Trust (JNPT) on Saturday.
The proposed industrial infrastructure in 277 hectares with a total Public and Private investment of Rs.4,000 cr is planned as a Self-Sustainable Integrated Development Project (SSIDP) having a potential of generating 1.5 lakh direct and indirect jobs.
The ambitious SEZ to be developed through a special purpose vehicle under the Engineering, Procurement & Construction (EPC) mode will be completed in three years.
With focus on the collaborating-upcoming sectors of India, the SEZ will develop free trade warehousing zone, engineering goods sector, electronics and hardware sectors, non-conventional energy sector, multi services (IT and healthcare) Sectors and apparel and textiles sectors.
Modi will also lay the foundation of a Port Connectivity Highway Project at the JNPT and also allot land to JNPT Project Affected persons (PAPs) under the 12.5% scheme.