The Hindu : Kerala News : Notification issued for port-based SEZs

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Sunday, Nov 05, 2006
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Kerala

Notification issued for port-based SEZs

Staff Reporter

KOCHI: The Union Ministry of Commerce and Industry has issued notifications on November 2 for establishing two port-based special economic zones (SEZs) at Vallarpadam and Puthuvypeen within the Cochin Port Trust.

The Union Government had issued similar notifications on December 29, 2005. However, it became necessary to reissue them after Parliament passed the Special Economic Zones Act, 2005.

The establishment of a zone at Vallarpadam is one of the preconditions for starting construction of an international container transhipment terminal at Vallarpadam by the BOT operator India Gateway Terminal Private Ltd. (DP World).

The Special Economic Zone at Vallarpadam has an area of 115.25 hectares and the one at Puthuvypeen 285.84 hectares.

While the Cochin Port Trust will be the developer of these SEZs, it has been decided to co-opt India Gateway Terminal Private Ltd., BPCL-KRL and Petronet LNG Ltd. as co-developers of the SEZ.

While the Vallarpadam SEZ will consist mainly of a container transshipment terminal and related infrastructure, the Puthuvypeen SEZ will comprise LNG terminal, single buoy mooring (SBM), bunkering terminal, free trade warehousing and certain other processing and re-packaging industries, according to the port trust.

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