GMR group sign’s MoUs  for manufacturing units in Kakinada SEZ, Andhra Pradesh
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, September 24, 2023
Yo Vizag
  • Magazine
  • News
  • People
  • Food & Drink
  • Entertainment
  • Lifestyle
  • More
    • Covid-19
      • Important Helpline Numbers
      • Hospitals in Vizag
      • Donate Plasma
    • Heritage
    • Travel
    • Beauty & Wellness
    • Behind The Name – Vizag
    • Buddhist Sites In Vizag
    • Places To See In Vizag
    • Religious Places
    • Beach in
    • Vintage Vizag
    • Visakhapatnam Pincode
    • Vizianagaram Pincode List
  • Join NowTelegram Channel
No Result
View All Result
  • Magazine
  • News
  • People
  • Food & Drink
  • Entertainment
  • Lifestyle
  • More
    • Covid-19
      • Important Helpline Numbers
      • Hospitals in Vizag
      • Donate Plasma
    • Heritage
    • Travel
    • Beauty & Wellness
    • Behind The Name – Vizag
    • Buddhist Sites In Vizag
    • Places To See In Vizag
    • Religious Places
    • Beach in
    • Vintage Vizag
    • Visakhapatnam Pincode
    • Vizianagaram Pincode List
  • Join NowTelegram Channel
No Result
View All Result
Yo Vizag
No Result
View All Result
Home News/City Updates

GMR group sign’s MoUs  for manufacturing units in Kakinada SEZ, Andhra Pradesh

30/01/2017 - Updated on 01/02/2017
in News/City Updates
Reading Time: 3 mins read
0
Share on FacebookShare on TwitterShare on WhatsappShare on TelegramShare on RedditShare on PinterestShare on Email

Kakinada SEZ Ltd. (KSEZ), a subsidiary of GMR Infrastructure Limited (GIL) has signed a series of MoUs with firms interested in setting up of manufacturing units in Kakinada SEZ during the CII Partnership Summit 2017 held on 27th and 28th January at Visakhapatnam, AP.

GMR Group is developing a world-class Industrial Zone – Kakinada SEZ, spread over 8500 acres and an all-weather, multi-cargo, deep water port, with an estimated phase 1 capacity of 16 Million Tonnes.

You might also like

24 hours in Visakhapatnam: A itinerary to make the most of a day in the City of Destiny

24 hours in Visakhapatnam: A itinerary to make the most of a day in the City of Destiny

16/09/2023
Rajnikanth reacts to arrest of TDP supremo Chandrababu Naidu

Rajnikanth reacts to arrest of TDP supremo Chandrababu Naidu

13/09/2023

 

Kakinada is often referred to as the “Houston of India” owing to the existence of Hydro-Carbon reserves and the Oil & Gas infrastructure. Acknowledging the advantage of Kakinada SEZ which is the largest industrial area with port connectivity in this region, Indian Oil & Gas PSU majors are joining together to set up a cracker unit, with a proposed investment of Rs. 40,000 Cr. in 2000 acres of GMR’s Kakinada SEZ. MoU has been signed for this investment in Kakinada SEZ, among GAIL, HPCL and Government of Andhra Pradesh, during the CII Partnership Summit, Visakhapatnam, AP.

 

MoUs were signed by KSEZ with 5 companies which include Oil Country Tubular, Kamineni Steel & Power, United Seamless Tubular, Deepak Phenolics and DCM Shriram for setting up manufacturing facilities with a total investment of Rs. 7,000 Cr. spread over 550 acres at Kakinada SEZ Ltd., Kakinada, AP.unnamed

 

These MoUs would be followed up with technical and commercial discussions for lease of land in Kakinada SEZ to the above mentioned firms over the following months.

 

Mr.G.M.Rao, Group Chairman, GMR Group, said, “GMR Group is proud to be partnering with the State of Andhra Pradesh in the development of a port based investment region near Kakinada in the East Godavari District. We strongly support Hon’ble Prime Minister Sri. Narendra Modi’s “Make In India” campaign, and Hon’ble Chief Minister Sri N. Chandrababu Naidu’s endeavours to cement the place of Sunrise State of AP as the most attractive destination for Global investments into India. 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, which is centred in the Kakinada node of the Visakhapatnam – Chennai Industrial Corridor being developed by Asian Development Bank, would house various industries including Petrochemicals, Food & Agro Processing, Discrete Manufacturing, Electronics, Toys, Sports Goods & Apparel etc. offering a combination of export oriented SEZs and Domestic market oriented DTAs.

The SEZ is already operational and has units which employ nearly 1000 people from the neighbouring villages, predominantly women. Several domestic and global business groups have shown interest in considering GMR’s Kakinada Investment Region (SIR) as their launching platform in Sunrise State of Andhra Pradesh.

 

 

 

source:press release.

 

 

 

Tags: Andhra Pradeshapchandrababu naiduCIICII Partnership Summit 2017CII SummitCII VizagGMRIT SEZkakinadaSEZSunrise Statevisakhapatnamvizag
Share204Tweet127SendShareSharePin46Send

Team Yo! Vizag

Related Posts

24 hours in Visakhapatnam: A itinerary to make the most of a day in the City of Destiny
Visakhapatnam

24 hours in Visakhapatnam: A itinerary to make the most of a day in the City of Destiny

16/09/2023
Rajnikanth reacts to arrest of TDP supremo Chandrababu Naidu
News/City Updates

Rajnikanth reacts to arrest of TDP supremo Chandrababu Naidu

13/09/2023
Three Visakhapatnam-bound trains to run on diverted routes due to line repairs
News/City Updates

Three Visakhapatnam-bound trains to run on diverted routes due to line repairs

09/09/2023
Final DPR of Vizag metro rail project submitted to state government
News/City Updates

Final DPR of Vizag metro rail project submitted to state government

05/09/2023

Discussion about this post

Popular Posts

  • 13 exciting releases today on OTT platforms to binge for solid entertainment this weekend

    13 exciting releases today on OTT platforms to binge for solid entertainment this weekend

    101304 shares
    Share 40521 Tweet 25326
  • 10 OTT releases today you must watch to keep yourself immersed in fun

    54303 shares
    Share 21721 Tweet 13576
  • 7 exciting movies releasing on OTT this week of August to binge on a boring day

    40066 shares
    Share 16026 Tweet 10016
  • 8 brilliant Malayalam movies you must watch on Amazon Prime Video

    39788 shares
    Share 15915 Tweet 9947
  • 6 exciting movies releasing in the final week of July on OTT

    38901 shares
    Share 15560 Tweet 9725
Yo Vizag

Copyright © 2023. DSA Media Publications

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Magazine
  • News
  • People
  • Food & Drink
  • Entertainment
  • Lifestyle
  • More
    • Covid-19
      • Important Helpline Numbers
      • Hospitals in Vizag
      • Donate Plasma
    • Heritage
    • Travel
    • Beauty & Wellness
    • Behind The Name – Vizag
    • Buddhist Sites In Vizag
    • Places To See In Vizag
    • Religious Places
    • Beach in
    • Vintage Vizag
    • Visakhapatnam Pincode
    • Vizianagaram Pincode List
  • Join Now

Copyright © 2023. DSA Media Publications

Vizag