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Nanguneri SEZ investors' meet attracts tycoons

Staff Reporter

They evince keen interest to be part of this ambitious project

TIRUNELVELI: Even as eight companies, including two Dubai-based business houses, are on the verge of establishing their units at Nanguneri Multi-Product Special Economic Zone, leading industrialists from the district too have evinced keen interest to be part of this ambitious project as they met the developer AMRL International Tech City Limited during the ‘Investors Meet' organised here on Tuesday.

Following the aggressive marketing campaigns conducted in and outside the country to popularise the SEZ coming up on 2,520 acres, Aerofil Trading LLC, Dubai, Technoflow HVAC Industries, Dubai, Transworld Garnet India Limited, V.V. Minerals, Colloids and Cogulants India Private Limited, Kanam Latex Industries Private Limited, Titanium Tantalum Products and Excel Hydro Pneumatics are about to have their units on 30 acres of land.

“Good number of domestic and foreign companies, which are extremely overwhelmed by this new business destination taking roots on a sprawling and exceptionally advantageous location of the country, are holding talks with us on having their units in the Nanguneri SEZ,” said Chief Executive Officer, AMRL International Tech City Limited U. Shiv Prakash.

Explaining the advantages of the Nanguneri Multi-Product SEZ such as its highly opportune locality, proximity to air and sea ports, connectivity by four-lane national highway, low land cost etc. to the participants, Mr. Shiv Prakash said the company, which had earmarked Rs. 806 crore for infrastructure development on the site, had created these basic amenities on 300 acre during Phase I and the next phase had been commenced on another 300 acre following encouraging response from the investors.

He said that the AMRL International Tech City Limited, a joint venture company of Tamil Nadu Industrial Development Corporation floated to establish the Nanguneri Multi-Product Special Economic Zone, would create ‘incubation facility' on the premises for IT companies and would train the local youths in the training centres to be established on the SEZ to make them employable in the industries of the SEZ.

“The SEZ offers a cost-effective platform to enable the industries to compete globally due to the low cost ownership and low cost operations apart from the fiscal benefits from the Central Government and the ‘southern district incentives' from the State Government,” he said. Gunasingh Chelladurai, president, Tirunelveli District Chamber of Commerce and Industry, and industrialist M.K.M. Kabir of MKM Group of Companies appealed to the participants to have their units at the SEZ.

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