The Official of blog NaBa.in, Investment Property Developers in Gangaikondan & Nanguneri

15 firms sign MoUs to set up units at Nanguneri

2011-03-05T12:26:00.001+05:30

TIRUNELVELI (03 Mar 2011): Fifteen companies have entered into Memorandum of Understanding (MoU) to set up manufacturing facilities in Nanguneri Multi Product Special Economic Zone, said the AMRL Liaison Manager, Devarajan.

AMRL Hi-Tech City Limited is the promoter of the Multi Product Special Economic Zone at Nanguneri in Tirunelveli district. It is a joint venture between AMR group of Hyderabad and Tamil Nadu Industrial Development Corporation Ltd (TIDCO).

The SEZ has a total area of around 2,520 acres. Of this, processing zone (industrial and IT Park) constitutes 1,780 acres and non processing zone 740 acres, which would house social infrastructure including housing, educational institutions, hospitals, malls and hotels.

On Tuesday, Devarajan and Tirunelveli District Chambers of Commerce and Industry president C Gunasingh jointly conducted a press meet at the SEZ premises in Nanguneri.

Devarajan said that 500 acres of land is being developed in the first phase at Nanguneri Multi Product SEZ and fifteen companies, including 2 Dubai-based companies, had entered into a MOU with AMRL Hightech City Ltd.

Of them, Great Shine Engineering Pvt Ltd, a subsidiary of Zynergy Capital Private Ltd of Singapore, would manufacture solar panels and solar cells. It was expected that the company would invest over `1,500 crore here in a phased manner on around 40 acres of land, which was given on lease to the company. Around 10,000 persons would get employment. The company would be functional in a period of 18 months’ time. More than 80 acres were allotted to the companies. Besides, Global Software would start operations on 1,500 square feet at the administrative block building and start exports by the end of this month.

He noted that absence of star hotels and an airport near here were the main reasons for foreign companies hesitating to open shop here. So far, around `50 crore had been spent on the project.

To a question, he said that no environment clearance had been obtained from the state and central governments.

Gunasingh said that his company - Bell Pins Pvt Ltd would also start a factory here and added that small and medium industries would be given importance. He noted that Minimum Alternative Tax would be set for SEZ growth. It may be noted that no senior officials of AMRL and TIDCO participated in the press meet.

Source: ExpressBuzz.com

Tractor Component Manufacturing Plant at Gangaikondan Auto SEZ

2011-02-11T15:32:00.000+05:30

Sundareshwarar Alloy Steels would set up a tractor plant at Nilakkotai and a tractor component manufacturing plant at Gangaikondan with an investment of Rs.1,000 crore.

Source: The Hindu dated February 11, 2011

Building work inspected at Gangaikondan IT Special Economic Zone

2011-02-05T15:28:00.002+05:30

TIRUNELVELI (Saturday, Feb 05, 2011): Syntel, a global provider of Information Technology (IT) and Knowledge Process Outsourcing (KPO) solutions with global development centers in India and the United States, is likely to create its 2.50 lakh square feet facility in the much-awaited Gangaikondan Information Technology Special Economic Zone near here, which may be inaugurated before February-end.

If the Syntel's Board of Directors meeting to be held in the United States in near future approves the proposal of establishing its facility at Gangaikondan IT SEZ, it is expected to provide employment to nearly 4,000 personnel directly and another 10,000 persons indirectly.

“Since this region, comprising Tirunelveli, Tuticorin and Kanyakumari districts, is known for its highly knowledgeable, hardworking and loyal technical workforce in the field of IT, our Board of Directors meet will discuss the possibilities of having our facility on the Gangaikondan IT SEZ in addition to the existing unit at Chennai,” said Bharat Desai, an Indian American entrepreneur and founder of Syntel, headquartered in Tory, Michigan, with the market capitalization of $ 943 million.

Mr. Desai was here on Friday to inspect the main building nearing completion at Gangaikondan IT SEZ along with Minister for Information Technology Poongothai Aladi Aruna, ELCOT Managing Director Santhosh Babu and District Collector M. Jayaraman. Syntel is likely to take on lease 25 acres of land within the Gangaikondan IT SEZ to construct its own facility.

Dr. Poongothai said the ongoing final touches to the main building of the SEZ would be completed within a week so that the facility would be ready for inauguration any time before February-end.

Source: The Hindu dated Saturday, Feb 05, 2011

Incentives draw investors to southern districts

2010-08-30T09:31:00.001+05:30

Aug 30, 2010

The southern districts of Tamil Nadu have traditionally been considered an industrially backward area but, no longer.

Significant investments in infrastructure, happening and in the pipeline, for development of roads, port, power and industrial estates and SEZs along with an attractive package of State Government incentives have helped attract large investments here.

THE PACK

Comprising the nine districts: Madurai, Tuticorin, Tirunelveli, Dindigul, Ramanathapuram, Theni, Virudhunagar, Sivagangai and Kanyakumari, South Tamil Nadu is seeing inflow of investments across a range of sectors. Leading the pack are are Madurai, Turicorin, Tirunelveli and Sivagangai.

Added to infrastructure and incentives are low real estate prices – developed industrial land here costs about a fourth of the prices industries pay in North Tamil Nadu and much lower than for land near Chennai.

State Govt push

A prime mover is the State Industries Promotion Corporation of Tamil Nadu (SIPCOT), the State Government body that is the nodal agency for setting up industrial infrastructure and has established industrial estates and SEZs in the region.

These include the industrial estates and SEZs at Tuticorin, Manamadurai, Gangaikondan, and Nilakottai. The region's abundance in graduates is an attractor, with Tirunelveli growing as a major education hub.

Apart from Sipcot, private players have also set up industrial infrastructure such as the Rs 550-crore Pearl City Food Port SEZ at Tuticorin by the Chennai-based integrated infrastructure company CCCL, and the AMRL Multiproduct SEZ at Nanguneri by the Hyderabad-based AMR group.

According to Government officials, a landmark development has been the Rs 1,500 crore investment proposed by Videocon at Manamadurai, which is expected to generate 1,000 jobs directly.

The investment by the electronic appliances maker has helped attract more investments by its vendors for whom over 30 acres havebeen allotted. Land at the Sipcot industrial estate at Manamadurai is now fully allotted, they say.

Private Investments

Over the next five years Videocon's Unity Appliances Ltd will set up a production facility for LCD and Plasma screen production, electronic appliances and components.

Government officials also said that at the Gangaikondan Industrial Estate, Tirunelveli District, ATC Tires Pvt Ltd is to invest Rs 400 crore on a tyre-manufacturing facility that will generate over 1,000 jobs.

The company is promoted by Yogesh Agencies & Investments, a Mahansaria company, and Warburg Pincus, the equity investment company, which acquired the Israel-based Alliance Tire Company in a $150-million deal in 2007. ATC will help expand Alliance's production capacity.

Alliance is a global leader in developing, manufacturing and marketing a range of off-highway tyres and passenger vehicle tyres.

Its products are exported to over 65 countries for use in agriculture, forestry, mining and construction industries. Mr R. Sarabeswar, Chairman, Pearl City, says enquiries for space indicate that at least 100 acres land could be allotted by the year end at the 425-acre industrial space which includes a 294-acre notified SEZ.

POWER PROJECTS

The proposed investments in power projects in the vicinity of Tuticorin and Tirunelveli, the proximity to the Tuticorin Port which is undergoing rapid expansion, and the potential for marine and agriculture food products hold promise of investments.

Also, a handful of power plants by a range of private players are coming up in the district which would address the needs of the industry.

Leading companies in food sector, domestic and international – in the US, Middle East and Australia – have made enquiries for space at the food SEZ, he said.

At the AMRL SEZ, where 2,520 acres are to come up, the first phase of 300 acres is ready for occupation and work on an additional 200 acres is to start next month.

TNEB is to set up a dedicated substation for this industrial estate, say company officials. AMRL has signed an agreement for space with eight companies and has sold about 30 acres.

Policy Support

In 2008, the Tamil Nadu Government announced a policy specifically to attract investments to the Southern Districts, apart from the incentives available under the industrial policy of the State.

These are a slew of tax incentives available at a lower threshold of investments in these districts.

Incentives for investments more than Rs 250 crore in districts elsewhere are available to the nine Southern districts for investments amounting to just Rs 50 crore and more. These are in addition to the incentives allowed under the industrial policy.

The benefits are: For investments between Rs 50 crore and 100 crore the VAT payable for three years would be treated as a loan that can be paid after seven years with an interest of 0.1 per cent; investments between Rs 100 crore and Rs 200 crore are eligible to pay four years' VAT in the seventh year with an interest of 0.1 per cent; and investments between Rs 200 crore and Rs 250 crore can get a five-year VAT benefit which can be paid after seven years with an interest of 0.1 per cent.

Also, the industrial policy provides for similar VAT incentives to be repaid with 0.1 per cent interest for investments between Rs 250 crore and Rs 1,500 crore.

In the case of such investments in southern districts, this amount is treated as grant.

Source: The Hindu Business Line

Nanguneri SEZ development work apace

2010-08-10T10:06:00.000+05:30

TIRUNELVELI: It is indeed a good news for south Tamil Nadu. The AMRL International Tech City Limited, a joint venture of Tamil Nadu Industrial Development Corporation (TIDCO), floated to establish the Nanguneri Multi-Product Special Economic Zone in Tirunelveli district, is all set to complete the first phase of infrastructure development on 30 acres of the industrial zone of the 2,520 acre-SEZ by September.

"Since we'll also complete the second phase of infrastructure development by December, some of the companies we've identified so far will start their production soon and the first consignment of products from this SEZ will be exported before March 31, 2011," U. Shiv Prakash, Chief Executive Officer, AMRL International Tech City, told ‘The Hindu.'

While the AMRL has already sold 17 acres to a few companies, deal for selling another 50 acres is to be finalised during this month.

"We've received very good response from fine chemical manufacturing units of Coimbatore and Mumbai-based precision engineering companies. To establish its unit, a television company has approached us for 10 acres of land and two Dubai-based firms, producing heating elements, ventilators and filters, are also about to enter this SEZ," Mr. Shiv Prakash informed.

Even as an intensive programme has been launched across the country to woo potential investors to the Nanguneri SEZ through promotional road shows, a high-level AMRL International Tech City delegation is all set to leave for Australia, Taiwan, China and Japan to identify ‘anchor clients' with an eye to attract hefty investments. Mr. Shiv Prakash is satisfied with the State Government's yearning for realising the dream of having the SEZ at Nanguneri.

"The government is so helpful to us and it is ready to help us on case-to-case basis by extending all possible assistance," the CEO noted.

There is a plan to revive all ponds and wells falling within the campus for effective rainwater harvesting though the TWAD Board has assured to supply 32 million litres of water a day from the Tamirabharani.

Moreover, a star hotel, an international school, a golf course and a shopping mall will be started at the complex.

"We intend to develop the SEZ in a phased manner based on demand. Within the next 1,825 days (before 2015-end), this SEZ will be a heaven on earth with non-polluting industries and excellent social infrastructure," Mr. Shiv Prakash assured.

Source: The Hundu, dated Aug 10, 2010

Gangaikondan IT Park to be ready soon

2010-07-30T10:25:00.001+05:30

100 acres to be developed in Phase I
Lowest rate fixed to attract small players

TIRUNELVELI: July 30, 2010

Following the launch of Coimbatore IT Park on August 2, the Information Technology Special Economic Zone at Gangaikondan near here is all set to take off during November as the project, being promoted by ELCOT, will be completed before October-end, Minister for Information Technology Poongothai Aladi Aruna said.

The Minister, after reviewing the progress of the construction of the three-storey building with a plinth area of 50,000 square feet on the 500-acre SEZ about 15 km from here on the Tirunelveli – Madurai National Highway along with Information Technology Secretary P.W.C. Davidar on Thursday told reporters that the SEZ would be ready for inauguration during November as the building as well as incorporation of all infrastructure facilities such as car parking area, centralised air-conditioning, system, sewage treatment plant and food court. in the complex would be completed before Octoberend.

While key players like Syntel (25 acres), Sutherland Global Services (10 acres) and Deccan Services (2 acres) had been allotted land on the sprawling area of 100 acres to be developed in Phase I, small players would be allotted space in the building now under construction at the rate of Rs. 20 per square foot.

“Since we are so keen on encouraging the small players also, we've fixed the lowest rate for Gangaikondan IT SEZ as the next lowest rate is Rs. 23 per square foot for space at the Madurai IT SEZ,” said Dr. Poongothai.

Solar power generation company, A & D Solar Systems, which has planned to generate five MW solar energy from this complex had been allotted 25 acres of land. Dr. Poongothai informed that the IT SEZ at Madurai, where companies like HCL, Honeywell and Sutherland Global Services would have their facilities, would be ready within next eight weeks while the Tiruchi project would also be ready for launch in November. “Tender has been floated for establishing the Hosur IT Park,” she said.
Mr. Davidar said no company had contacted his department so far to have their production unit at Nanguneri multi-product SEZ.

Source: The Hindu dated July 31, 2010

Six new SEZs to come up in TN

2010-06-30T12:19:00.004+05:30

June 23, 2010

Six new special economic zones (SEZs)are expected to go on stream in Tamil Nadu during the current financial year. Total investments in these SEZs are likely to exceed Rs 50,000 crore. The state already has 11 SEZs (excluding information technology SEZs), which registered physical and deemed exports worth Rs 35,641 crore in 2009-10.

Ajay Mittal, development commissioner, Madras Export Processing Zone (MEPZ), one of the seven zones set up by the Centre, said that 56 SEZs, including IT ones, were notified in the state, of which 32 are for IT and 24 non-IT. Of the 24, six will be operational by end of the current fiscal.

The new SEZs include an engineering SEZ at Perundurai promoted by State Industries Promotion Corporation of Tamil Nadu Limited (Sipcot), a multiservice SEZ and a light engineering one, both near Kalpakam, free trade warehousing zone at Sriperumbudur, food processing zone at Tuticorin and a multi-product SEZ at Nanguneri.

While total investment in these SEZs is likely to cross Rs 50,000 crore, the Nanguneri SEZ alone is expected to attract investments to the tune of Rs 15,000 crore and to generate 70,000 jobs. The SEZ is being promoted by Hyderbad-based AMRL International Tech City, according to industry sources.

The existing SEZs include Sipcot’s SEZs at Sriperumbudur, Gangai Kondan and at Oragadam, Nokia’s manufacturing SEZ unit at Sriperumbudur (largest exporter among all the SEZs in terms of value), Mahindra’s SEZ on the GST road for auto, apparel and IT/ITeS, Flextronics, Cheyyar Developers SEZ Ltd, Synfera Construction Ltd and MEPZ SEZ, Chennai.

Source: Business Standard dated June 23, 2010

கங்கைகொண்டான்: படுவேகத்தில் உருவாகும் 'ஐடி' பூங்கா

2010-02-17T19:02:00.001+05:30

நெல்லை: கங்கைகொண்டானில் ரூ.24 கோடியில் அமைய உள்ள தகவல் தொழில்நுட்ப பூங்கா பணிகள் வரும் செப்டம்பர் மாதத்தில் நிறைவு பெறும் என அமைச்சர் பூங்கோதை தெரிவித்தார்.

தமிழக தகவல் தொழில்நுட்பத் துறை அமைச்சர் பூங்கோதை கங்கைகொண்டானில் நடைபெற்றுவரும் தகவல் தொழில்நுட்ப பூங்கா பணிகளை பார்வையிட்டார். பின்னர் அவர் நிருபர்களுக்கு பேட்டி அளிக்கையில்,

'தமிழக முதல்வரின் ஆணைப்படி இரண்டாம் நிலை நகரங்களான கோவை, நெல்லை, திருச்சி, மதுரை உள்ளிட்ட நகரங்களில் தகவல் தொழில்நுட்ப பூங்கா அமைக்கும் பணிகள் நடக்கின்றன.

இதன்படி கங்கைகொண்டானில் 54 ஆயிரம் சதுர அடியில் நிர்வாக கட்டிடங்கள் ரூ.14 கோடி மதிப்பிலும், உட்கட்டமைப்பு பணிகள் ரூ.10 கோடியிலும் நடந்து வருகின்றன. இப்பணிகள் வரும் செப்டம்பர் மாதத்திற்குள் நிறைவுபெறும்.

இப்பணிகள் நிறைவு பெற்றவுடன் வேலை வாய்ப்புக்களும் அதிகரிக்கும். சதர்ன் லேண்ட், குளோபல் நிறுவனங்களுக்கு தலா 5 ஏக்கரில் நிலம் ஓதுக்கப்பட்டுள்ளது.

தகவல் தொழில் நுட்ப பூங்கா மொத்தம் 389 ஏக்கர் நிலத்தில் அமைய உள்ளது. இதில் தற்போது 100 ஏக்கர் நிலத்தில் பணிகள் நடந்து வருகின்றன' என்றார்.

Source: ThatsTamil.OneIndia.in

Nanguneri SEZ gets EOIs from Gulf, Japan

2010-02-09T09:58:00.006+05:30

THOOTHUKUDI (First Published : 04 Feb 2010 03:08:00 AM IST): The multi-product Special Economic Zone (SEZ) promoted by AMRL in joint venture with TIDCO at Nanguneri in Tirunelveli district has gained momentum with expression of interest (EOI) received from the Middle-East and fareastern countries.

Speaking to Express on the sidelines of an Investors’ Meet here on Wednesday, Shiv Prakash, CEO - AMRL said that two Dubai-based air-conditioner manufacturing industries have signed MoUs for setting up industries at Nanguneri SEZ. However, he declined to name the companies when asked. “Pharmaceutical companies based in Japan and Taiwan also have sent their EoIs for setting up industries at Nanguneri,” Prakash said.

Reacting to the huge time lapse in setting up this SEZ, he said that AMRL became the promoter only in 2007 and the SEZ notification was given by the Government in November 2008.

“We are emphasising on new ventures at the SEZ and do not encourage shifting of industries from other places,” he said adding the Single Window Mechanism at this SEZ would bring a hasslefree experience for the investors.He further said that engineering, electronics & hardware and automobile industries are expected to set up base at the Nanguneri SEZ.

“This is the first multi-product SEZ in Tamil Nadu, apart from having the distinction of being the first SEZ to be set up in a Tier-III city,” Prakash said.

On employment generation, the CEO said that one lakh people will be employed when the SEZ is completed.

Source: express buzz

Welcome to NaBa.in Blog

2010-02-09T09:04:00.000+05:30

NaBa.in is a Chennai based Professional Property Development company. We are currently concentrating in development of properties for investment purposes in Nanguneri and Gangaikondan in Tirunelveli district of South Tamil Nadu.

We strive to make the process of buying excellent investment properties with good RoI, easy, effective, and efficient for our worldwide customers. We make sure that all the paper works are thoroughly verified and all the norms are met in all our projects.

NaBa.in promoted by ex-NRIs / IT Professionals.

Thru our blog we would be bringing the latest news and development activities in our company, projects as well as in the two areas that we are concentrating: Nanguneri and Gangaikondan.

NANGUNERI:

One of the largest Special Economic Zone (SEZ) projects in India is coming up in Nanguneri in a 2500+ acres area. This is the first multi-product SEZ in Tamil Nadu and the project is being implemented by the Hyderabad-based AMRL International Tech City Ltd and US based Infac. TIDCO, a Government of Tamil Nadu Enterprise would be the facilitator.

Check out the web site of AMRL International Tech City Ltd.

GANGAIKONDAN:

An IT/ITES (Information Technology/Information Technology Enabled Services) Special Economic Zone (SEZ) / IT Park is coming up in Gangaikondan in a 500 acre area. The proposed SEZ is being promoted by ELCOT, a Government of Tamil Nadu Enterprise and will house major Software and BPO companies. The land procurement for this project has been completed and the formal approval for the SEZ has been granted in June 2007. Major companies like Sutherland Global Services, Hexaware Technologies, Syntel, AES, HOV have already taken space or applied for allocation of land within the IT Park. The ELCOT SEZ has been allocated land within the functional SIPCOT Industrial Growth Centre in Gangaikondan spread around 1400 acres.