Located at the southern end of Andhra Pradesh, just 55 kms from the bustling metropolis of Chennai, Sri City is one of India’s most coveted business destinations with investments that surpass USD 4.5 Billion and exports which exceed USD 4 Billion. This Business City is acknowledged as one of India’s leading Business Cities and attracts investors from across the globe with 220 companies from 29 different nations setting up their manufacturing operations in the Industrial Park.
The Special Economic Zone in Sri City is ideal for manufacturing units which are exports oriented. Business and trade laws in this zone differ from the rest of the country.
The Special Economic Zone in Sri City is ideal for manufacturing units which are exports oriented. Business and trade laws in this zone differ from the rest of the country.
Sri City SEZ started its establishment in 2007 with an objective of radically transforming the economic landscape of the backward regions of Satyavedu and Varadiahpalem mandals in Andhra Pradesh. It became operational in 2009 and is now one of the most coveted business destinations in the country. At present the zone spans a total of 1088.581 Hectares, which includes a Processing Area of 609.780 Ha, Non-Processing Area of 478.801 Ha, and a Free Trade & Warehousing Zone of 24.12 Ha.
ACHIEVEMENTS
2007
Letter of Approval issued by Ministry of Commerce
2008
Received Ministry of Environment and Forest Approval
2009
SEZ becomes operational within the initial validity period of Lo A
2010-11
M/s. BFG Intl. Pvt. Ltd., the first operational unit in SEZ supplied goods worth Rs. 4.16 Cr & Rs. 15.00 Cr to Delhi Metro Rail (DMRC) in the year 2009-10 & 2010-11 respectively. In addition, they also supply products to Chennai Metro & Cochin Metro through M/s. ALSTOM (Operational in DTZ of Sri City)
2013
SEZ online Services get implemented in the zone with effect from 1st January 2013