Often called Tamil Nadu’s first Special Economic Zone (SEZ), Nanguneri’s Multi-Product SEZ which has been struggling since inception will get an added impetus from the Global Investors Meet. According to the SEZ officials, the zone has already got 25 companies setting up shop in the zone and a few big names will be signing MoUs at the GIM for projects at the site.
Indranil Dasgupta, CEO of Attivo Economic Zone Pvt Ltd, which is promoting the SEZ, said that some big projects are set to come up in the zone, including a major pharmaceutical/FMCG player, a major hotel, an electronics manufacturer and Ashray Logistics - one of the largest logistics companies in the region. “100 acres of land have already been taken up and we feel we are in the perfect place to see the zone take off in a big way,” he said to the Express.
According to sources, the pharmaceutical company in question is the large FMCG major, Dabur Group, which is in the process of setting up an activated carbon manufacturing unit in the zone. More than 10 acres have been allocated to the company for the same. Hansa Green, a lighting company has also taken up space in the SEZ for a manufacturing unit. While the electronics firm remains unnamed, sources have said that it will work as a contract manufacturer and has already been allotted 5 acres in the SEZ for their unit.
Source: NewIndianExpress.com
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