Hyderabad|India|June'2009:
The Special Economic Zone for Food Processing at Kakinada, Andhra Pradesh,
promoted by Parry Infrastructure Co., (P) Ltd, part of the Murugappa Group
is ready to commence operations.
Spread over 250
Acres, this Government of India notified SEZ is
first of it’s kind in Andhra Pradesh and is
strategically located close to Kakinada sea port
and many agro-input farms.
Parry Infra, the promoters of this SEZ
mentioned that their first customer, M/s Silk Road Sugar (P) Ltd, had set
up a state-of-the-art sugar refinery at an approximate cost of Rs. 325
Crores in this SEZ. Due to its attractive location, many of the Indian
Food processing exporters have evinced keen interest in setting up their
units in this SEZ.
Parry Infra officials said, Andhra Pradesh
is the ideal location for food industries, abundant with availability of
several food ingredients, fruits & vegetables, fish & marine products,
Diary products, spices, rice etc. Kakinada sea port, a private port with
excellent facilities is located just 5 KMs from this SEZ which offers
great advantage for cost effective shipments out of India.
Headquartered in Chennai, the Rs. 15,646
crores (USD 3 billion) Murugappa Group is one of India’s leading business
conglomerates. Market leaders in diverse areas of business including
Engineering, Abrasives, Finance, General Insurance, Cycles, Sugar, Farm
Inputs, Fertilizers, Plantations, Bio-products and Nutraceuticals, its 29
companies have manufacturing facilities spread across 13 states in India.
The organization fosters an environment of professionalism and has a
workforce of over 32,000 employees. The Group has forged strong joint
venture alliances with leading international companies like DBS Bank,
Mitsui Sumitomo, Cargill and Groupe Chimique Tunisien has consolidated its
status as one of the fastest growing diversified business houses in India
Reachout's News Bureau
June' 2009
