Hindustan Infralog Private Limited (HIPL) is a joint venture between DP World and National Investment and Infrastructure Fund (NIIF). They have announced an investment of INR 1,000 crore in the development of their Nhava Sheva Business Park (NSBP) Free Trade Zone (FTZ) in Mumbai. The Jawaharlal Nehru Port Trust’s co-developer is NSBP, a Special Purpose Vehicle (JNPT). JNPT and the companies involved in the joint venture signed the lease agreement for the project. The FTZ is located 5 kilometres from JNPT, with a lease of 60 years. Currently, the project is in the under construction stage.
KEY PROJECT SPECIFICATIONS:
DP World Hindustan Infralog Free Trade Zone and Integrated Logistics Park covers an area of over 5,00,000 sq. ft. DP World Hindustan Infralog Free Trade Zone and Integrated Logistics Park will soon become one of the major logistics warehousing spots in India. Fast and direct access to both domestic and international markets is possible by its strategic proximity to the port. It is also in proximity to the planned Navi Mumbai International Airport, the Western Dedicated Freight Corridor, and National Highways. By facilitating dependable and quick freight transit, it will benefit local and international traders and manufacturers in the long run.
A container yard with innovative digital and security systems, as well as specialised multi-product and temperature-controlled warehouses, will be part of the facility’s infrastructure. To give consumers a one-stop shop for all of their consuming and trade needs, it will provide round-the-clock customs clearance and value-added services. The initiative will increase commerce in industries like metals, electronics, IT, telecom, medicines, chemicals, food, and petrochemicals.
|Project Name||DP World Hindustan Infralog Free Trade Zone and Integrated Logistics Park|
|Name of the Developer||DP World and National Investment and Infrastructure Fund (NIIF)|
|Location||Nhava Sheva JNPT, Raigad, Maharashtra|
|Year of Commencement||2021|
|Year of Completion||2022|
|Construction Area||Over 5,00,000 sq. ft.|
|Project Type||Warehousing and Logistics Park|
|Total Project Cost||INR 1,000 crores|
DP World is a top supplier of intelligent logistics solutions, facilitating global trade. They provide a wide variety of goods and services. These span every segment of the integrated supply chain, including inland and maritime ports, marine services, industrial parks, and technology-driven client solutions. Wherever they operate, they strive to contribute to the economies and communities where we live and work by integrating sustainability and responsible corporate citizenship into our actions. They plan, foresee change, and use leading-edge technology to provide the most intelligent, effective, and creative trade solutions. DP World also assures a favourable and long-lasting influence on society, economies, and the environment.
Larsen and Toubro Construction is one of India’s largest and most well-known private corporations. L&T offers unrivalled capabilities across technology, engineering, construction, and manufacturing. It keeps leadership in all of its primary lines of business, due to almost 80 years of a strong, customer-focused strategy and a never-ending search for world-class quality.
Jawaharlal Nehru Port Trust (JNPT):
Jawaharlal Nehru Port Trust (JNPT) aims at being outfitted with innovative technology, efficiency, and human resources that meet or exceed international standards. They believe in providing complete logistics solutions that are both affordable and compliant with international standards. They ensure the safety and security of people, property, and cargo and follow the guidelines for environmentally friendly, sustainable development. JNPT also aims at improving the port staff’s knowledge, motivation, and competence constantly to maintain gains in all aspects of efficiency.
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