Thursday, December 21, 2006

Collector lists benefits of automobile SEZ

yundai's ancillary to set up first unit, Rs. 4,000-cr. investment


More than 700 acres of land to be acquired for it
Administration to convince farmers to give up land

Sangareddy: The proposed Special Economic Zone (SEZ) for automobile
industries in Toopran mandal on NH-7 is expected to bring in investment
to the tune of Rs. 3,000 crores to Rs. 4,000 crores to the backward

More than 700 acres of land in Kallakkal, Jeedipalli and Koocharam
villages would be acquired for the SEZ.

Brushing aside the controversy on allocation of assigned land to the
SEZ, district Collector B. Venkatesam said that the farmers were misled
by some "vested interests".

The district administration would convince them of the importance of
this manufacturing unit for the district's development, he added.

He pointed out that initial investment by Lokesh Machine Tools, an
ancillary of multinational car manufacturer Hyundai would be around Rs.
1,200 crores.

It will set up manufacturing unit in Muppireddypalli.

He expressed hope that this would trigger establishment of more units
making the SEZ an automobile hub.


The Collector said that farmers would be given compensation for land
surrendered for the SEZ. Eligible persons could be given suitable jobs
in SEZ.

He said that adverse reports on the Outer Ring Road issue also had an
impact on the farmers.

The administration which initially wanted to develop NH-9 as automobile
corridor since Mahindra and Mahindra and MRF tyre manufacturing units
were located there, was now concentrating on National Highway -7 due to
its proximity to other industrial areas like Jinnaram, Bollaram and Medchal.


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