Ahead of the Global Investors’ Meet to be held at Chennai next month, small and medium investors are coming forward to have their manufacturing units at AMRL Multi-Product Special Economic Zone at Nanguneri in the district as a company signed Memorandum of Understanding in the presence of Collector M. Karunakaran on Friday evening.
Speaking to reporters after the signing of MoU, Dr. Karunakaran said potential investors from various States were keen on setting up their manufacturing units in Tamil Nadu ahead of the Global Investors Meet to be held at Chennai on September 9 and 10.
In this line, Chennai-based Ashray Logistics India Private Limited that signed the MoU on Friday had proposed to have its integrated logistics warehousing solutions in 5 lakh square feet area on 24 acres at AMRL Multi-Product Special Economic Zone at Nanguneri on an outlay of Rs. 77.50 crore.
“This facility, for which the MoU was signed today, will give employment to 200 persons and will be ready within nine months from now,” Dr. Karunakaran said.
He also informed that Dubai-based Electromate Components Private Limited, manufacturing electrical conduits and other products and exporting the same mainly to the Middle East, was to commence its production from its Rs. 20 crore-factory in the SEZ, from September last week this year. “This unit will provide employment to sixty persons directly,” the Collector said.
A non-resident Indian’s South India Plywoods Private Limited, which was being set up on 2.40 acres in the SEZ on an outlay of Rs. 21 crore to manufacture plywood and doors, was expected commence its export from April 2016.
“Apart from these companies, we expect signing of good number of MoUs paving way for hefty investments to be made at AMRL Multiproduct SEZ during the Global Investors’ Meet,” Dr. Kaurnakaran said.
President of AMRL Multiproduct Special Economic Zone N. Eswar Rao and Director of Ashray Logistics India Private Limited Parashar Lohia signed the MoU.
Senior Manager of AMRL Multiproduct Special Economic Zone Devarajan and General Manager of District Industries Centre G. Gnanasekar were present on the occasion.
