The district, which has been set an industrial investment target of Rs. 250 crore before the Global Investors’ Meet to be held in Chennai on September 9 and 10, crossed Rs. 302 crore on Friday as four more Memoranda of Understanding were signed for investments to be made at AMRL Multi-Product Special Economic Zone.
In the presence of Collector M. Karunakaran and President of AMRL Multi-Product Special Economic Zone N. Eshwar Rao, MoUs for two service sector and as many manufacturing sector units were signed at the Collectorate.
As per these MoUs, a manufacturing unit, to be established on an outlay of Rs. 20 crore, would manufacture spares and batteries for laptops and laptop assembly would be done and this unit would give direct employment to 100 persons. Another company, to be established on an outlay of Rs. 12 crore, would manufacture electronic safety equipments and provide employment to 100 persons.
“A leading hotel having its unit on the East Coast Road near Chennai will establish its unit on the SEZ premises at a cost of Rs. 3 crore and a hospital for the benefit of the people working in the SEZ will be constructed on an outlay of Rs. 7.70 crore. A few more projects are on the pipeline,” Dr. Karunakaran said.
Assurance
The Collector, while assuring the investors coming forward to establish their units at the SEZ, of all help, said the electronic manufacturing units would get 50 per cent investment subsidy as the entire district had been declared as ‘Electronic Cluster’ by the Union Government.
Indranil Dasgupta, Chief Executive Officer (Industrial Zones) of Srei Infrastructure Finance Limited, which is funding the infrastructure development in the SEZ and Parashar Lohia, Director of Chennai-based Ashray Logistics India Private Limited, which has proposed to have its integrated logistics warehousing solutions on 5 lakh square feet on 24 acres at SEZ at Nanguneri on an outlay of Rs. 77.50 crore were present.
Source: TheHindu.com
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