The JNPT Port, Mumbai, will soon call for fresh bids to develop a Special Economic Zone (SEZ) on 296 acres of industrial area developed near the port. This would be the second bidding process of JNPT management in the last two months.
A senior JNPT official told BusinessLine that the bidding would be on electronic platform and advertisements will be published by Tuesday (Nov. 15). Last time around, the highest bid to buy an acre of land was about ₹12 crore.
The Shipping Ministry had given its...