TIRUNELVELI (03 Mar 2011): Fifteen companies have entered into Memorandum of Understanding (MoU) to set up manufacturing facilities in Nanguneri Multi Product Special Economic Zone, said the AMRL Liaison Manager, Devarajan.
AMRL Hi-Tech City Limited is the promoter of the Multi Product Special Economic Zone at Nanguneri in Tirunelveli district. It is a joint venture between AMR group of Hyderabad and Tamil Nadu Industrial Development Corporation Ltd (TIDCO).
The SEZ has a total area of around 2,520 acres. Of this, processing zone (industrial and IT Park) constitutes 1,780 acres and non processing zone 740 acres, which would house social infrastructure including housing, educational institutions, hospitals, malls and hotels.
On Tuesday, Devarajan and Tirunelveli District Chambers of Commerce and Industry president C Gunasingh jointly conducted a press meet at the SEZ premises in Nanguneri.
Devarajan said that 500 acres of land is being developed in the first phase at Nanguneri Multi Product SEZ and fifteen companies, including 2 Dubai-based companies, had entered into a MOU with AMRL Hightech City Ltd.
Of them, Great Shine Engineering Pvt Ltd, a subsidiary of Zynergy Capital Private Ltd of Singapore, would manufacture solar panels and solar cells. It was expected that the company would invest over `1,500 crore here in a phased manner on around 40 acres of land, which was given on lease to the company. Around 10,000 persons would get employment. The company would be functional in a period of 18 months’ time. More than 80 acres were allotted to the companies. Besides, Global Software would start operations on 1,500 square feet at the administrative block building and start exports by the end of this month.
He noted that absence of star hotels and an airport near here were the main reasons for foreign companies hesitating to open shop here. So far, around `50 crore had been spent on the project.
To a question, he said that no environment clearance had been obtained from the state and central governments.
Gunasingh said that his company - Bell Pins Pvt Ltd would also start a factory here and added that small and medium industries would be given importance. He noted that Minimum Alternative Tax would be set for SEZ growth. It may be noted that no senior officials of AMRL and TIDCO participated in the press meet.
Source: ExpressBuzz.com
March 5, 2011
February 11, 2011
Tractor Component Manufacturing Plant at Gangaikondan Auto SEZ
Sundareshwarar Alloy Steels would set up a tractor plant at Nilakkotai and a tractor component manufacturing plant at Gangaikondan with an investment of Rs.1,000 crore.
Source: The Hindu dated February 11, 2011
Source: The Hindu dated February 11, 2011
February 5, 2011
Building work inspected at Gangaikondan IT Special Economic Zone
TIRUNELVELI (Saturday, Feb 05, 2011): Syntel, a global provider of Information Technology (IT) and Knowledge Process Outsourcing (KPO) solutions with global development centers in India and the United States, is likely to create its 2.50 lakh square feet facility in the much-awaited Gangaikondan Information Technology Special Economic Zone near here, which may be inaugurated before February-end.
If the Syntel's Board of Directors meeting to be held in the United States in near future approves the proposal of establishing its facility at Gangaikondan IT SEZ, it is expected to provide employment to nearly 4,000 personnel directly and another 10,000 persons indirectly.
“Since this region, comprising Tirunelveli, Tuticorin and Kanyakumari districts, is known for its highly knowledgeable, hardworking and loyal technical workforce in the field of IT, our Board of Directors meet will discuss the possibilities of having our facility on the Gangaikondan IT SEZ in addition to the existing unit at Chennai,” said Bharat Desai, an Indian American entrepreneur and founder of Syntel, headquartered in Tory, Michigan, with the market capitalization of $ 943 million.
Mr. Desai was here on Friday to inspect the main building nearing completion at Gangaikondan IT SEZ along with Minister for Information Technology Poongothai Aladi Aruna, ELCOT Managing Director Santhosh Babu and District Collector M. Jayaraman. Syntel is likely to take on lease 25 acres of land within the Gangaikondan IT SEZ to construct its own facility.
Dr. Poongothai said the ongoing final touches to the main building of the SEZ would be completed within a week so that the facility would be ready for inauguration any time before February-end.
Source: The Hindu dated Saturday, Feb 05, 2011
If the Syntel's Board of Directors meeting to be held in the United States in near future approves the proposal of establishing its facility at Gangaikondan IT SEZ, it is expected to provide employment to nearly 4,000 personnel directly and another 10,000 persons indirectly.
“Since this region, comprising Tirunelveli, Tuticorin and Kanyakumari districts, is known for its highly knowledgeable, hardworking and loyal technical workforce in the field of IT, our Board of Directors meet will discuss the possibilities of having our facility on the Gangaikondan IT SEZ in addition to the existing unit at Chennai,” said Bharat Desai, an Indian American entrepreneur and founder of Syntel, headquartered in Tory, Michigan, with the market capitalization of $ 943 million.
Mr. Desai was here on Friday to inspect the main building nearing completion at Gangaikondan IT SEZ along with Minister for Information Technology Poongothai Aladi Aruna, ELCOT Managing Director Santhosh Babu and District Collector M. Jayaraman. Syntel is likely to take on lease 25 acres of land within the Gangaikondan IT SEZ to construct its own facility.
Dr. Poongothai said the ongoing final touches to the main building of the SEZ would be completed within a week so that the facility would be ready for inauguration any time before February-end.
Source: The Hindu dated Saturday, Feb 05, 2011
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