Attivo Economic Zones, part of Kolkata-based
Srei Infrastructure Finance and in the business of developing managing
and marketing industrial parks, has readied projects worth Rs 3,000
crore. The company plans to raise Rs 1,000 crore equity to support
these.
Attivo has also acquired AMRL Hitech City, a multi-product Special Economic Zone (SEZ) at Nanguneri in Tamil Nadu.
The AMRL Hitech City, is a multi-product SEZ at
Nanguneri in southern Tamil Nadu. It was financed by Srei and operated
by Attivo. The original promoter was AMR Group. The process of getting
this SEZ operational started in 2013 and relevant permissions from the
Centre came in early 2015. Further discussion is on with the government
of Tamil Nadu to finalise the structure, said Indranil Dasgupta, chief executive officer of Attivo.
The SEZ already has around 25 customers, including Dabur and Hansa
Green, and attracted investment of Rs 400-500 crore. The project area is
around 2,500 acres, of which 2,000 acres is for the industrial zone.
the rest is for the residential township and commercial activities. The
company has invested Rs 250-300 crore in this project, and plans to
invest another Rs 2,000 crore over the next 10 years.
Dasgupta said 100 acres had been leased out to a little over 25
customers. It has got enquiries for another 800-900 acres. The target
sectors include electronics, defence, engineering, automobiles and auto
components.
Attivo also plans to set up an integrated education and services SEZ at
Alibaug, Maharashtra, on 350 acres. The project will be launched in the
next two years and Rs 250 crore has been invested already. Another Rs
1,000-1,200 crore is planned over the next seven-odd years. The target
sectors include financial services, information technology, biotech,
education and health.
Attivo has also joined hands with The Assam Company to promote a
petrochemical economic zone, not an SEZ, at Bharuch, Gujarat. The
agreement is for marketing by Attivo; later, the partner will consider
taking an equity stake, said Dasgupta. The 700-acre project is ready for
sale.
In its home state of West Bengal, the company is developing an
automobile and engineering industrial park at Kharagpur, on 300 acres.
For all these, the promoters have infused Rs 500 crore of funds in Attivo. It is open to equity dilution.
Attivo is also exploring opportunities to develop or acquire SEZs,
economic zones or industrial parks in Andhra Pradesh, Madhya Pradesh and
Rajasthan, said Dasgupta. He says he's optimistic about the future, as
the central government wants to make Indian manufacturing competitive.
He pointed to recent policy moves in this regard.
Source: Business-Standard.com
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