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Our Bureau

Kochi , Nov. 6

The Union Commerce Ministry has issued two separate notifications for establishing two port-based Special Economic Zones (SEZ) at Vallarpadam and Puthuvypeen within the Cochin Port Trust limits.

The Union Government had issued similar notifications in December last year. However, it became necessary to re-issue these notifications after Parliament passed the Special Economic Zones Act, 2005. The entire matter was again considered afresh and Government has now issued notifications again.

It may be mentioned that the establishment of a SEZ at Vallarpadam is one of the pre-conditions for commencement of construction of the International Container Transhipment Terminal at Vallarpadam by the BOT operator India Gateway Terminal.

The SEZ at Vallarpadam has an area of 115.25 hectares and the one at Puthuvypeen will comprise of 285.84 hectares. While the Cochin Port Trust will be the developer of these two SEZs, it has been decided to co-opt India Gateway Terminal, BPCL-KRL and Petronet LNG Ltd as co-developers of the SEZ.

While the Vallarpadam SEZ will consist mainly of the container transhipment terminal and related infrastructure, the Puthuvypeen SEZ will comprise of LNG terminal, single buoy mooring, bunkering terminal, free trade warehousing and certain other processing and re-packaging industries.

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