South TN holds promise of mega industrial growth: SEZ

Spread over 2,518 acres in Nanguneri, Tirunelveli district of Tamil Nadu, AMRL SEZ has the capacity to house a diverse set of industries, including textiles, electronics, general engineering, aerospace and auto and components.   It offers a plethora of choices for businesses from land lease to ready to move in factories and warehousing facility. 

Alongside easy access to the Tuticorin port and airport, the SEZ is also well-connected with road and railway networks, allowing industries to connect and communicate with both global and national markets with ease. This is complemented with assured water supply, telecommunication infrastructure, and availability of skilled, employable and inexpensive human resources. 

On how the Special Economic Zone will play a part in the growth of TN, Indranil Dasgupta, CEO, Attivo Economic Zones said, “A unique feature of our development is our promise of a comfortable and easy start of operations through our offer of ready to move in factories to our customers. Thus, reducing initial capital costs and making it suitable for immediate start at minimum risk.”

AMRL SEZ has strategically focused on the MSME sector and local industry. Businesses have been invited to form clusters and take advantage of cluster benefits. This will allow establishment of industry-specific enablers. 

Alongside the support of training programmes that have been launched in collaboration with Infrastructure Leasing & Financial Services Ltd (IL&FS), this will give impetus to the pace of development in the area. Also, being located in the less developed part of the state, the government has provided incentives to encourage industry to set up facilities in this part of the state. 

Upon approval, the SEZ can also offer an adjacent domestic tariff area (DTA), to accelerate industrialisation in the region. He further added,” The estimated total turnover of AMRL SEZ is about Rs 10000 crores, with direct employment opportunities for over 30,000 people in the next 3-5 years. In the long-term it has the potential to generate direct employment for over 1,00,000 people making it one of India’s largest industrial zones. 

TN is the second largest contributor to India’s GDP.” AMRL SEZ also signed MOU with IL&FS, for skill development and training programmes. P Ravichandran, CII TN, said “One of our long-term visions is to have a joint taskforce with the state to drive the growth of Madurai–Tuticorin Industrial Corridor development. We are working on kick-starting this taskforce soon.”