Question

Q24. Consider the following statements about Coastal Economic Zone (CEZ).

1. India’s first mega coastal economic zone (CEZ) will be setup at Jawaharlal Nehru Port (JNPT) in Maharashtra.

2. Coastal Economic Zone (CEZ) are being setup under the National Perspective Plan of Sagarmala Programme.

Which of the above statements are incorrect?

• A. a) 1 only
• B. b) 2 only
• C. c) Both 1 and 2
• D. d) Neither 1 nor 2

Answer 1

The correct option is D

d) Neither 1 nor 2

• The Union Government has given go-ahead for setting up India’s first mega coastal economic zone (CEZ) at Jawaharlal Nehru Port (JNPT) in Maharashtra.
• The first of its kind mega CEZ will stretch along north Konkan region spread across Mumbai, Thane, Pune, Nashik and Raigarh. About 45 companies across auto, telecom and IT sectors will soon bid for 200 hectares of land to set up manufacturing units in zone.
• The Union Cabinet in 2016 had approved setting up of 14 mega CEZs under National Perspective Plan of Sagarmala Programme. Its aim was to promote development of industrial clusters around ports, encourage portled development, reduce logistics cost and time for movement of cargo, enhance global competitiveness of country’s manufacturing sector and create hubs of job creation.