Companies

Singapore firm to invest in Nanguneri SEZ

Tirunelveli | Updated on March 01, 2011 Published on March 01, 2011

Mr A. Devarajan, Liasion Manager AMRL Tech City Ltd addressing the media at Nanguneri Special Economic Zone site on Tuesday. - Photo: A. Shaikmohideen   -  THE HINDU

Nanguneri Special Economic Zone promoter AMRL Hi-Tech City Ltd near here has signed a MoU with Great Shine Engineering Private Ltd (GSEPL), a subsidiary of Zynergy Capital Private Ltd of Singapore for setting up a Rs 1,500 crore modern facility for manufacturing solar power peripherals in 40 acres.

The facility would be created in a phased manner and provide employment to 10,000 persons, officials said.

A Japanese firm manufacutring high precision scales for use in research laboratories had completed two rounds of talks with the AMRL and would begin third round of talks shortly.

Kerala-based surgical gloves manufacturers would invest around Rs 20-crore at Nanguneri SEZ, the officials said.

AMRL had concluded agreements with 15 industries, including a Dubai-based company for a total area of around 45 acres so far.

In the next two months, the Nanguneri SEZ would have investment to the tune of over Rs 60 crore and is likely to attract more than Rs 2,000 crore in another two years.

The SEZ consists of processing zone, spread over 1,780 acres with industries and non-processing zone spread over 740 acres, which would house social infrastructure.

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Published on March 01, 2011
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