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Nod granted to 12 new units to come up in Visakhapatnam SEZ

Monday, 28 Aug 2023
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Twelve new proposals have been granted approval for setting up of three units in Andhra Pradesh and nine in Telangana in the jurisdiction of Visakhapatnam Special Economic Zone (VSEZ). These units will attract an investment of Rs 1,956 crore and will provide employment to 2,943 eligible candidates.

These 12 units have been approved in the first quarter of the current financial year, and are expected to start operations within six months. The three units in Andhra Pradesh are Advait Biofuels for manufacturing biodiesel, Biocon and Granules CZRO for manufacture of pharmaceutical products, and will come up in the combined Visakhapatnam district.

Among the nine units in Telangana are Purview India Consulting and Services, Sigmasoft Infotech, Inspire Brands Global Innovation Centre India, FedEx Express Transportation and Supply Chain Services (India) and others. The investment of nine units at Hyderabad will be around Rs 1,936.41 crore. It will support an employment creation for 2,736 persons.

The products are related to information technology (IT) and information technology-enabled services (ITeS). The units will be engaged in strategy services and managed IT services, IT design and development services, repair, maintenance and overhaul (RMO) services of mobiles and software development, and others.

VSEZ’s head office located at Duvvada in Visakhapatnam, caters to the export-oriented units in Chhattisgarh and Yanam, apart from Andhra Pradesh and Telangana.

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