Kakinada SEZ signs multiple MoUs at CII Summit
The Dollar Business Bureau Kakinada SEZ Ltd. (KSEZ), a subsidiary of GMR Infrastructure Limited (GIL) has signed a series of MoUs with firms interested in setting up of manufacturing units in Kakinada SEZ during the CII Partnership Summit 2017 held on January 27 and 28 at Visakhapatnam, AP. GMR Group is developing a world-class Industrial Zone – Kakinada SEZ, spread over 8500 acres and an all-weather, multi-cargo, deep water port, with an estimated phase 1 capacity of 16 million tonnes. Kakinada is often referred to as the “Houston of India” owing to the existence of Hydro-Carbon reserves and the Oil & Gas infrastructure. Acknowledging the advantage of Kakinada SEZ which is the largest industrial area with port connectivity in this region, Indian Oil & ...
In-principle approval given for NIMZ in Telangana
Source: PTI The government has given in-principal approval to set up a national investment and manufacturing zone (NIMZ) in Telengana. It has the potential to create direct employment for 75,000 people and indirect for 1,50,000 persons, Commerce and Industry Minister Nirmala Sitharaman has said in her tweets. “In-principle approval given for NIMZ in Districts: Ranga Reddy and Mehbubnagar, Telangana. “Have the potential to create direct employment for 75,000 & indirect for 1,50,000 persons. They shall have a pharmaceutical industry focus,” she said. NIMZs are mega industrial zones with world class supporting infrastructure. The National Manufacturing Policy provides for NIMZs -- mega industrial zones with world class infrastructure. The government is offering a host of incentives like exemption from capital gains tax ...
