The Jawaharlal Nehru Port Trust's Special Economic Zone (JNPT/SEZ) has targeted to amass a staggering sum worth ₹900-1,000 crore from the upcoming auctioning process of a land parcels stretching across 300 acres, claimed official sources, adding that the land, which will be auctioned by the end of next month, falls under the 670-acre SEZ developed near the port. In this connection, the JNPT has relaxed certain norms in the SEZ which includes easy exit by transferring assets to another entity. JNPT SEZ had received a valuation of ₹13 crore an acre in the auction for a 44-acre plot for warehousing, against a reserve price of ₹2 crore, they insisted.
📅Published on:
26 November 2018
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