Receives over 25 EoIs
Kandla Port Trust (KPT) plans to develop a port-based multi-product special economic zone (SEZ) in an area of 5,000 hectares (ha) in Kandla and Tuna.
Of the total area, around 3,600 ha would be in Kandla, and the balance 1,400 ha in Tuna, a KPT release said.
Once this ambitious project, which has already received formal approval from the Ministry of Commerce and Industry, comes to fruition, it would be one of India’s largest port-based special economic zones with world class infrastructure, the release added.
The prime objective for the port-based SEZ was to increase trade and investment, bringing in foreign direct investment (FDI) wherever possible, generation of employment for skilled, semi-skilled and unskilled category workers, and enabling an effective administration mechanism.
Meanwhile, KPT said that it had received more than 25 expressions of interest (EoIs) for the proposed SEZ project from leading companies in the domain of renewable energy, desalination plant and free trade warehousing zone.
The positioning of SEZ in Kandla Port would provide an ideal opportunity to leverage the advantage of robust port infrastructure available with KPT.
It is reported that 1,000 ha in Kandla will be utilised to develop a Renewable Energy Park, while the remaining 2,600 ha would be used by non-polluting manufacturing industries.
As far as Tuna region is concerned, it was proposed to use it to set up a shipbuilding and repair facility along with several other ancillary units to support the activity.
KPT said that the project development activities were at an advanced stage, and different approvals would be in place before the implementation of the project.
In order to understand the interest and expectations of business entities in the proposed project, an investors meet was organised in Kandla on April 6, which was attended by various industry players.
This post was written by Atlantic Admin