Navi Mumbai Special Economic Zone

NMSEZ

Genesis

In 2002, Government of India (GoI) 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, which formed a company named Dronagiri Infrastructure Private Limited (DIPL) under the Companies Act, 1956.


Since then DIPL & CIDCO together have formed 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) with DIPL holding 74% and CIDCO holding 26% stakes in NMSEZ. NMSEZ 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 ha in Navi Mumbai.

NMSEZ has been appointed as the Special Planning Authority for the notified areas of Dronagiri, Kalamboli, Ulwe (Waterfront) and Ulwe (Airport) Nodes of Navi Mumbai, under the provisions of Maharashtra Regional and Town Planning Act, 1966.

For SEZ Legislation and other related regulations in India, please visit ‘SEZ India’ website of Government of India, Ministry of Commerce & Industry.
Website: http://www.sezindia.nic.in

Website of Zonal Development Commissioner : www.seepz.com