3 weeks ago

MEPZ SEZ approves ₹443 crore investments across eleven proposals

MEPZ SEZ approves ₹443 crore investments across eleven proposals
MEPZ SEZ approves investment worth ₹443 crores · thehindubusinessline.com

A special business zone in India called MEPZ SEZ said yes to eleven new projects.

The committee that approves these projects is led by a man named Alex Paul Menon.

Together, the projects are worth 443 crore rupees, which is a very large amount of money.

The new projects will make things, work on computers, and help move goods around.

They are expected to give jobs to about 2,427 people.

One big project is a factory by a company called ZF Industrial Technology worth 336 crore rupees.

That factory will create 250 jobs.

Another company, Sanmina-SCI India, will build a factory worth 73 crore rupees that could create 1,350 jobs.

A third company, Visionet Systems, will grow its office in Coimbatore.

The approvals were announced in August in the state of Tamil Nadu in India.

Key facts

Approving body
Unit Approval Committee of MEPZ Special Economic Zone
Committee chair
Alex Paul Menon, Zonal Development Commissioner
Total investment approved
₹443 crore
Proposals approved
11 (9 new SEZ units and 2 Export Oriented Units)
Expected employment
2,427 opportunities
Sectors covered
Manufacturing, information technology, and logistics services
Largest approval
ZF Industrial Technology Coimbatore Pvt Ltd - ₹336 crore at Aspen Park Infra Coimbatore

Sources

Related news