Attivo Economic Zones Private Limited (Attivo) and Telangana have announced a new cooperation agreement to accelerate industrial growth by facilitating the setting up of an infrastructure equipment park in Telangana.

A Memorandum of Understanding was signed between Attivo and the Department of Industries & Commerce in Bengaluru.

The MoU envisages Attivo to develop an infrastructure equipment manufacturing park in the National Investment and Manufacturing Zone (NIMZ) near Zaheerabad town in Telangana.

Spread over 500 acres, the park will create an industrial zone of international standards by attracting leading original equipment makers to set up their units in the park.

The park is seen to have a potential to generate direct and indirect employment in excess of 10,000 over the next 10 years.

Sunil Kanoria, Vice Chairman, Srei, in a statement said: "Attivo's proposed park would be the most ideal location for all construction and mining equipment manufacturers as a plethora of road, irrigation and mining work is being awarded by the Government of Telangana and most of the contractors and construction companies are based there.”

K.T. Rama Rao said "Telangana is emerging as a preferred destination for industry. Our priority has been to ensure ease of doing business and we will continue to support business ventures, which have the potential to drive industrial growth and economic progress of the state."

Attivo, a Srei initiative, is in the business of developing, managing and marketing industrial parks, economic zones, SEZs and smart cities.

The company is responsible for marketing a 2,518 acres multi-product SEZ in Tirunelveli district in southern part of Tamil Nadu. Attivo is also actively exploring opportunities to develop, acquire and market similar projects in states like Gujarat, Maharashtra and West Bengal.

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