Jawaharlal Nehru Port Trust, has planned a multi-product Special Economic Zone on 277 hectares of land near the port. Neeraj Bansal, Chairman In-Charge, JNPT, shares his insights on overall SEZ scenario across India
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Market pulse for SEZ at JN Port Trust looks positive
Warehousing market is pegged at Rs 56,000 crore and is expected to grow annually at an average rate of 8 to 10 per cent over the next 5 years to reach a level of 1500 to 1600 million sq ft by 2020.
Growth in Store
Over the past couple of decades, the warehousing industry in India has evolved from the traditional concept of a Â´godownÂ´ - a small structure with four walls and shed - to a modern-day automated set-up which offers efficient inventory management and value-added services.
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vox pop | A crucial link
With a stable government at the Centre, focusing on reviving and scaling IndiaÂ´s economic growth rate, IndiaÂ´s warehousing space is at the helm of tremendous growth. As companies scale their sentiments
Some of the rules and guidelines have to be reframed
I cannot say much on this as of now, as certain issues have yet to be streamlined. Today, FTZs/FTWZs are functioning under the SEZ Act and rules. However, we realise that the activities of FTWZs are of different nature and their requirements are also different. Hence, some of the rules and guidelines have to be reframed. The process is on.
Making our ports more financeable
Financing Indiaâ€™s ports has been challenging because of several factors, both inherent to the sector as well as to policy and financing regulatory environment.
Export zones: Need new forms of partnership
With 18 industrial parks, Kinfra still believes that Keralaâ€™s best strengths are not fully harnessed. S Ramnath says that facilitation, rather than incentivisation, will be the strategy to attract investment in the export zones.