Wednesday, February 14, 2007

TIDCO to start marketing space at Ennore SEZ

R. Balaji

Govt sanctions Rs 26 crore for road, rail works

The details
Final notification likely at the next meeting of the Board of Approval.
No hassles over land acquisition as entire land is with Government


Chennai Feb. 9 The Tamil Nadu Industrial Development Corporation (TIDCO)
plans to start marketing space at the multiproduct SEZ in Ennore from

The Government has sanctioned funds for road and rail connectivity with
the State-level Export Promotion Committee chaired by the Chief
Secretary, Mr L.K. Tripathy, sanctioning Rs 26 crore for the works.
Expected to be the first of the multiproduct special economic zones to
take off in the State, it is in the final stages of approval.

TIDCO plans to implement the road and rail work immediately with Rs 16
crore for the road linking it to the Ennore Port and Rs 10 crore for a
3-km rail link, according to officials.

The SEZ is promoted by TIDCO, which holds a 50 per cent stake. The State
Industries Promotion Corporation of Tamil Nadu (SIPCOT) and the Ennore
Port hold 25 per cent equity each. They have promoted Ennore SEZ Company
Ltd for developing the port-based multiproduct SEZ. The equity in the
first phase is Rs 100 crore with the project estimated to cost Rs 600
crore, including land, for development.

Mahindra Acres Consulting Engineers Ltd has submitted the draft master
plan for the 3,000-acre SEZ.

No land issues

The Ennore SEZ is among the ones that have been granted in-principle
approval and the final notification is expected at the next meeting of
the Board of Approval. Officials pointed out that there are no land
acquisition hassles as the entire land meant for the SEZ is available
with the Government agencies. The paper work for transferring the land
available with the Tamil Nadu Salt Corporation is in the final stages
and TIDCO has sought transfer of an additional 1,000 acres.

The Ennore SEZ has generated keen interest among manufacturers due to
the large chunk of ready space available. Officials pointed out that to
the South and West of Chennai there was little space available and land
prices were spiralling upwards. North Chennai with the road, rail and
port link offers an ideal location for industries.

In addition to the road linking the SEZ to the Ennore Port to the South,
the port itself is provides a six- or eight-lane road connecting it to
the NH 5 leading to Kolkata.

The SEZ will provide space for non-polluting industries such as
engineering, information technology, auto components, garments and
leather products. It would have container freight station facilities and
free trade warehousing zone.


Post a Comment

<< Home