Government of India (GoI) had accorded approval to the proposal of City & Industrial Development Corporation of Maharashtra Limited (CIDCO) to set up a Special Economic Zone in Navi Mumbai. Government of Maharashtra (GoM) directed CIDCO to implement the Navi Mumbai SEZ project through a Joint Venture and that the Strategic Partner/Investor be selected through a competitive bidding process. CIDCO through a global bidding process selected a Preferred Bidder/Strategic Investor Consortium.
A Special Purpose Company (SPC) in the year 2004 named Navi Mumbai SEZ Private Limited (NMSEZ) (formerly known as Navi Mumbai SEZ Development Company Private Limited) has the right to plan, design, construct, market, operate & maintain, administer & manage the SEZ, which is being set up covering a land area of 2140 hectares in Navi Mumbai.
Navi Mumbai SEZ Private Limited has achieved financial closure for 2,140 hectares (5286 Acres) and is currently developing the site. Our Company is the lead consortium member for Navi Mumbai SEZ Private Limited, with balance equity held by Reliance Group Investment and Holding Private Limited.( Mukesh Dhirubhai Ambani Group)
The NMSEZ has been Master planned by world class master planners viz: Jurong Town Coporation, a Govt of Singapore entity and AECOM one of the world’s largest infrastructure planners. The SEZ has also obtained all the clearances from Environmental, Planning, Utilities and the Ministry of Commerce for the development of the SEZ.
Basic infrastructures like sewage, water lines, contiguity and commercial building construction at many a nodes including Dronagiri Node is already underway.
NMSEZ stands appointed as the Special Planning Authority for the notified areas in of Dronagiri, Kalamboli, Ulwe (Waterfront) and Ulwe (Airport) Nodes of Navi Mumbai, under the provisions of Maharashtra Regional and Town Planning Act, 1966.
The Best Positioned SEZ in India
Navi Mumbai SEZ, located in close proximity to Mumbai, the commercial and financial capital of India, is being developed within the growing Navi Mumbai region in the State of Maharashtra and is well-positioned with respect to connectivity, trade, commerce and resources.
Proximity to Mumbai thereby having access to:-
- Finance - Navi Mumbai SEZ's proximity to Mumbai, the commercial centre and financial capital of India, will provide easy and unlimited access to capital, for the units located in Navi Mumbai SEZ
- Trading centres for many products like diamonds, gems, jewellery and apparels
- Skilled manpower from reputed national and international educational institutes including engineering and technical colleges, management institutes, etc
- Huge urban markets of Mumbai, Navi Mumbai and Pune, with a population base of approximately 20 million which are within the catchment area of the Navi Mumbai SEZ.
Proximity to international and domestic transportation infrastructure:-
Located at the door steps of the Jawaharlal Nehru Port, the premium container handling port of the country.
The entire 2,140 hectares of land required for the Navi Mumbai SEZ has been acquired by CIDCO and is being progressively allotted to NMSEZ. Lease Deeds have been executed in respect of each of the four Nodes and the land in possession of the company have already been notified for the purpose.