Kakinada SEZ Ltd, a subsidiary of GMR Infrastructure Ltd, has signed a series of MoUs with firms interested in setting up manufacturing units in the SEZ.

Oil Country Tubular, Kamineni Steel & Power, United Seamless Tubular, Deepak Phenolics and DCM Shriram have signed up for setting up manufacturing facilities with a total investment of ₹7,000 crore spread over 550 acres at Kakinada SEZ Ltd.

These MoUs will be followed up with technical and commercial discussions for lease of land in Kakinada SEZ.

Oil & gas PSU majors are to set up a cracker unit with a proposed investment of ₹40,000 crore in 2,000 acres of GMR’s Kakinada SEZ.

An MoU has been signed for this investment in Kakinada SEZ, among GAIL, HPCL and Andhra Pradesh, during the CII Partnership Summit, Visakhapatnam, AP.

The GMR Group is developing an industrial zone in Kakinada SEZ, spread over 8,500 acres and an all-weather, multi-cargo, deepwater port, with an estimated phase 1 capacity of 16 million tonnes.

GM Rao, Group Chairman, GMR Group, in a statement said: “GMR Group is partnering with Andhra Pradesh in the development of a port-based investment region near Kakinada in the East Godavari district. GMR group’s Kakinada SEZ is all set to transform the industrial landscape of the Godavari districts bringing in significant investments and employment.”

Kakinada SEZ is being developed by the Asian Development Bank

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