Sri City is setting up a special economic zone (SEZ) project 55 km north of Chennai towards Andhra Pradesh on the National Highway 5.

The project to be spread over 5,000 acres of land and to be implemented in phases, will entail an investment of Rs.2,500 crore. Land acquisition for the project is completed. About 65 per cent of the land acquired for the project will be put to industrial use and the rest will be used to provide housing and accommodation to employees.

The SEZ will focus on the manufacturing and engineering industries such as auto components, apparel and fashion, bio-technology, pharmaceuticals, hardware, electronics, logistics, warehousing, renewable energy, leather products, light engineering, sports and toys.

In the first stage of the project, expected to be completed by December 2008, basic infrastructure components such as space for business units, roads and specific construction work for clients will be made available. In the second phase, which will extend over 3-4 years, the company plans to focus on building roads, high intensity street lighting, digital data networks and an in-house waste management system.