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DP World and National Investment & Infrastructure Fund's (NIIF) joint venture Hindustan Infralog Private Limited (HIPL) has announced an investment of Rs 1,000 crore in developing its Nhava Sheva Business Park (NSBP) Free Trade Zone (FTZ) in Mumbai.
NSBP, a special purpose vehicle, is a co-developer for the Jawaharlal Nehru Port Trust (JNPT) SEZ. The company signed a lease agreement on Wednesday with JNPT for the project. The FTZ is on a long-term Lease of 60 years, and is located 5 km away from JNPT.
Its strategic proximity to the port, the upcoming Navi Mumbai International Airport, Western Dedicated Freight
