Nanguneri To Be Promoted As Cluster Of Sezs

Chennai: The Nanguneri SEZ, originally considered as a 2,500-acre multiproduct SEZ, will be promoted as a cluster of seven product-specific SEZs. The Tamil Nadu Government has passed orders to this effect following recommendations from the Tamil Nadu Industrial Development Corporation. The project is being implemented by AMRL International Tech City Ltd, which has acquired over 2,100 acres at Nanguneri, near Tirunelveli. To expedite the project it has been pending since 1999 the promoters have obtained the State Government''s approval to establish product-specific SEZs.

The SEZs to come up here are engineering industries (121 ha), autocomponents (110 ha), pharmaceutical (115 ha), electronic hardware (107 ha), logistics (70 ha), biotechnology (13 ha), and information technology (10 ha). TIDCO will immediately take steps to implement the project. TIDCO holds a 2 per cent stake and would facilitate the project. When it was originally conceived, the Nanguneri SEZ was promoted as the Nanguneri High Tech Park, promoted jointly by the Infac Group and TIDCO through a special purpose vehicle, ATMAC Ltd.