Syama Prasad Mookerjee Port is exploring the option of developing three different processing zones in Kolkata on long-term lease basis as a part of its land monetisation plan.
Agro processing zone, tea processing zone and marine products processing zone are likely to come up at Kolkata’s Kidderpore and adjoining areas on port land.
“Currently, discussions on the three zones are at the concept level. It can be under a land lease model,” Syama Prasad Mookerjee Port, Kolkata, Deputy Chairperson Samrat Rahi told businessline.
“Within two-three years these zones will come up. However, land will be allotted within three months,” Rahi said.
Syama Prasad Mookerjee Port, Kolkata, formerly known as the Kolkata Port Trust, comprises two dock systems– Kolkata Dock System (KDS) and Haldia Dock Complex (HDC).
Last financial year
A total 4,488 acres of land were rented out as on March 31, 2023, and total estate revenue collected in the last financial year stood at around ₹654 crore.
“In land monetisation, we are aiming at a revenue collection of Rs 1000 crore in the next five years. Right now our annual income has reached around ₹600 crore. For land monetisation, we have brought out different projects on port-led industrialisation. Such projects include big cold storages, warehouses and big industries in Kidderpore,” Rahi added.
Established in 1870, Syama Prasad Mookerjee Port, Kolkata, holds a unique distinction as India’s sole riverine all-weather port.