KSEZ, Subsidiary of GMR group Signs MoUs With Firms to Set Up Manufacturing Units at Kakinada SEZ

KSEZ, Subsidiary of GMR group Signs MoUs With Firms to Set Up Manufacturing Units at Kakinada SEZ  Kakinada SEZ Ltd (KSEZ), a subsidiary of GMR Infrastructure Limited (GIL), signed several MoUs with various companies during the CII Partnership Summit 2017 held on GMRJanuary 27-28, 2017 at Visakhapatnam, Andhra Pradesh.  The MoU aimed at setting up World Class

manufacturing units at the Kakinada SEZ in Andhra Pradesh spread over 8,500 acres at a cost of Rs. 47000 crore. The MoU also aims to develop an all-weather, multi-cargo, deep water port, with an estimated phase 1 capacity of 16 million tonnes..KSEZ signed an MoU worth Rs. 7000 crore with 5 companies namely Oil Country Tubular, Kamineni Steel & Power, United Seamless Tubular, Deepak Phenolics and DCM Shriram to set up manufacturing Units spread over an area of 550 acres at the Kakinada SEZ. Besides, Oil and Gas PSUs, Gas Authority of India Limited (GAIL) & Hindustan Petroleum Corporation Limited (HPCL) signed an MoU with the Government of Andhra Pradesh worth Rs 40,000 crore to set up petrochemicals complex over an area spanning 2000 acres in the state.

vi. The Kakinada SEZ aims to set up various manufacturing industries including petrochemicals, food & agro processing, discrete manufacturing, electronics, toys, sports goods & apparel.