SEZs in AP set to create job boom

Omer Farooq | Hyderabad

Andhra Pradesh, which has secured the central Government's approval for
48 Special Economic Zones across various sectors of economy, hopes that
it would generate an employment boom in the industrial sector in the
State. The 48 SEZs approved so far include the highest number of 27 in
the Information Technology and ITES sector followed by six in Pharma and
four in multi products.

The list also includes one SEZ each in the sectors of semiconductor,
biotechnology, gems and jewelry, apparel, textile, footwear, paper and
service sector. According to official estimates all these SEZs are
likely to generate a whopping 4.7 lakh employment opportunities. The
IT/ITES related SEZs will have a minimum investment of Rs 250 crore and
the 27 SEZs in these sectors are likely to generate 2,70,000 jobs. These
SEZs will come up around Hyderabad and the neighboring districts to meet
the demand for the small and medium enterprises by providing quality and
affordable space. Similarly the gems and jewelry SEZs to come up in
Hyderabad will provide 50,000 jobs, the footwear and leather SEZs in
Nellore 30,000 jobs and apparel park in Visakhapatnam about 60,000 jobs.

People from lower middle class and weaker sections are likely to be the
major beneficiaries of the job boom in these sectors, the officials say.
The two multi product SEZs being developed for HPCL at Visakhapatnam and
ONGC at Kakinada are also expected to create 50,000 jobs when fully
functional.
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