The chairman Sanjay Sethi said that the Jawaharlal Nehru Port Authority JNPA is expecting 8,000 -- 10,000 crore investment from private and public entities in its multi-product Special Economic Zone project. The SEZ is an initiative under the Sagarmala national flagship policy of the shipping ministry to boost exports, create employment, investment and captive cargo by enabling port-led industrialisation.
The Special Economic Zone SEZ, the country's first port-based and port-led facility, has been operational since July last year. Sethi said six units are already functional in the SEZ of the total 26 units to which Letter of Agreement LoA have been issued. Initially, we were looking at an investment of Rs 4,000 crore from companies setting up their businesses in our SEZ.
We have already seen an investment of Rs 3,000 crore and we expect it to be around Rs 8,000 -- 10,000 crore over a period of time, according to Sethi. There is a free trade zone with investment from Dubai-based DP World. The government-owned port operator, in association with industry body CII, held an Investors' Conclave earlier in the day to attract investment in its SEZ, which it is developing in 684 acres of free land.
Sethi urged the potential investors to invest in the SEZ, which has special incentives to offer its investors, such as more liberal economic and subsidised water and electricity supply, among others. He said the port invested 565 crore in developing infrastructure, which includes road, power, water, storm water drain, sewage collection and treatment, and solid waste disposal, to enable companies to establish their units in the SEZ.
He said that basic utilities like road, water, power and sewage lines are provided near the plot boundary in various sectors of the JNPA SEZ. He said that the JNPA is set to strengthen the growth aspects of the port-led business with this specific project, which offers a variety of facilities from single-window clearances to multi-modal connectivity and ready state of the art infrastructure, making it an ideal choice to establish businesses and boost export-oriented industries in India. The port operator said that the JNPA SEZ aims to generate additional economic activity, promote exports, promote investment, create employment and infrastructure development.
Revenue was up 31% in 56 cr, up 31%.