Representatives of Global Organization of People of Indian Origin (GOPIO), who are scheduled to participate in the Global Investors Meet (GIM), to be held at Chennai in the second week of September, plan to bring a team of prospective investors from Malaysia to the AMRL Multiproduct Special Economic Zone, the State’s largest SEZ in Nanguneri near here after the meet.
“Since Tamil Nadu is all set to become a ‘Tiger Economy’, thanks to the conducive investment climate prevailing here now, our friends from Malaysia have planned to invest around Rs. 200 crore at AMRL Multiproduct SEZ. We have already weighed its potentiality and the growth prospects during our earlier visits.
The investments will happen very shortly after the GIM,” Selvarajoo Sundaram, chairman, GOPIO International, having his roots in Vellore, told The Hindu .
When a team from Tamil Nadu, including Industries Secretary, organised the ‘road show’ at Malaysia to popularise the GIM, the president of AMRL Nanguneri SEZ, Eshwar Rao met the GOPIO members and encouraged them to invest there.
To ascertain the potentiality of the industrial complex, the incentives being offered by the State and the Central governments to start units at SEZ, its advantages and infrastructure available there, a team of investors, led by Mr. Selvarajoo and GOPIO International’s Malaysia chapter president A. Ravendiran Arjunan, visited the sprawling 2,600 acre SEZ premises on a few occasions and are satisfied with the SEZ.
Since more than 85 per cent of the two million Indians in Malaysia are Tamils, still having strong cultural and religious bonds back home, the 26-year-old GOPIO, a not-for-profit organisation, encourages them to invest in Tamil Nadu to make it more vibrant.
The Malaysian investments will be made in electronic goods, doors and door frames, furniture manufacturing and social infrastructure.
“It will be a win-win situation for both the investors and Tamil Nadu, if the Malaysian investment proposals are cleared across the table as being done in Andhra Pradesh now,” he said.
Source: TheHindu.com
August 24, 2015
Logistics facility to come up at Nanguneri SEZ
Ahead of the Global Investors’ Meet to be held at
Chennai next month, small and medium investors are coming forward to
have their manufacturing units at AMRL Multi-Product Special Economic
Zone at Nanguneri in the district as a company signed Memorandum of
Understanding in the presence of Collector M. Karunakaran on Friday
evening.
Speaking to reporters after the signing of
MoU, Dr. Karunakaran said potential investors from various States were
keen on setting up their manufacturing units in Tamil Nadu ahead of the
Global Investors Meet to be held at Chennai on September 9 and 10.
In
this line, Chennai-based Ashray Logistics India Private Limited that
signed the MoU on Friday had proposed
to have its integrated logistics
warehousing solutions in 5 lakh square feet area on 24 acres at AMRL
Multi-Product Special Economic Zone at Nanguneri on an outlay of Rs.
77.50 crore.
“This facility, for which the MoU was
signed today, will give employment to 200 persons and will be ready
within nine months from now,” Dr. Karunakaran said.
He
also informed that Dubai-based Electromate Components Private Limited,
manufacturing electrical conduits and other products and exporting the
same mainly to the Middle East, was to commence its production from its
Rs. 20 crore-factory in the SEZ, from September last week this year.
“This unit will provide employment to sixty persons directly,” the
Collector said.
A non-resident Indian’s South India
Plywoods Private Limited, which was being set up on 2.40 acres in the
SEZ on an outlay of Rs. 21 crore to manufacture plywood and doors, was
expected commence its export from April 2016.
“Apart
from these companies, we expect signing of good number of MoUs paving
way for hefty investments to be made at AMRL Multiproduct SEZ during the
Global Investors’ Meet,” Dr. Kaurnakaran said.
President
of AMRL Multiproduct Special Economic Zone N. Eswar Rao and Director of
Ashray Logistics India Private Limited Parashar Lohia signed the MoU.
Senior
Manager of AMRL Multiproduct Special Economic Zone Devarajan and
General Manager of District Industries Centre G. Gnanasekar were present
on the occasion.
Source: TheHindu.com
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