5000 acres SEZ venture to come up in Nellore
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The coastal core of Andhra Pradesh, Nellore District is highly blessed with all required facilities. As per to the source saying at the www.propertykhazana.com Nellore District is granted with Multi-product SEZ coming up in 5000 acres on the NH-5. The state government of AP has identified Nellore as the strategic city which is close to the neighboring state Tamilnadu capital city Chennai and Sriperambadur. Nellore has closer access with 3 sea ports and 2 airports.
In fact, the proposed Nellore SEZ is a prestigious project of the AP Government headed by Dr. YS Rajashekara Reddy. The proposed SEZ will be developed with investment of Rs. 17,500 crores and likely to provide jobs for more than 1.75 lakh aspirants.
Speaking on the SEZ bandwagon, LB Singhal, DG of export promotion council for EOUs and SEZ units said at the www.propertykhazana.com that India’s development is linked with 3600 SEZ ventures which provides more than 420 lakh job opportunities once commences the operations. Indian SEZ ventures have obtained investments of Rs. 73,000 crore and all totaling SEZs has contributes more than Rs.60, 000 crores as Export duties. Presently, there are more than 3.5 lakh people associated with SEZ projects in India, Mr. Singhal added.
The government’s role as far as the SEZ approvals is concerned, needs to be acclaimed, several amendments in the SEZ act has encouraged many Indian and international realty players to initiate SEZ projects in India, says Bhaskar Subramanian, AD, PWC.
In a verbal communication with the www.propertykhazana.com Mr. Ravindra Sannareddy, Chairman, Sri City Pvt Ltd said that the proposed SEZ venture in Nellore is ultimately thanking the people of Kadapa, Chittor and Nellore districts for giving an opportunity for the congress party in Andhra Pradesh.
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