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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