Prime Minister Narendra Modi is set to lay the foundation for a Rs.4,000-crore port-based, multi-product special economic zone at the Jawaharlal Nehru Port Trust in Navi Mumbai Aug 16.

The proposed infrastructure in 277 hectares, with a total public and private investment of Rs.4,000 crore, will be a self-sustainable set to generate 150,000 direct and indirect jobs, the shipping ministry said.