Indian Commerce Secretary Dr Rahul Khullar visits Sri City, South India’s largest, emerging world-class Integrated Business City with a Special Economic Zone (SEZ) and Domestic Tariff Zone (DTZ), to study the overall infrastructural developments, investment, employment and potential business opportunities at Sri City.
During the visit, Dr Khullar visited units of Kobelco Construction of Japan, Shan Solar of India, Amphenol of the US and Rockworth of Thailand. He also visited several utilities and social infrastructure facilities built by Sri City. After lighting the traditional lamp, Dr. Khullar conducted an open house with over 40 CEO’s-Unit heads attending the same.
Speaking on the occasion, Dr Khullar said: “It gives me immense pleasure to witness the brisk pace of development taking place at Sri City. I see that Sri City’s customers represent some of the leading companies in the world – nationally and internationally. I am sure that in the next three years, the developments in Sri City are likely to transform the entire region into a vibrant, economically progressive zone".
Commenting on Dr Rahul Khullar’s visit, Ravindra Sannareddy, Managing Director, Sri City said: “It is an honour to have Dr Khullar with us. His keenness to know more about Sri City is very encouraging. We are also pleased to have with us other senior Government officials today. The overall economic development of this region will further improve resulting in better employment opportunities in the coming years. Today, Sri City is host to over 70 companies from 22 countries in a short span of three years. We are entering into the second phase of development in Sri City and we see phenomenal growth for this region as a whole".
Anil Kumar Bamba, Development Commissioner, Sri City SEZ, said: “I would like to take this opportunity to express my special thanks and gratitude to Dr Khullar for his valuable time and inputs. Sri City SEZ and DTZ currently provides direct and indirect employment to about 6,000 people and the estimated employment potential (direct and indirect) in the next three years will be around 50,000.
Sannareddy, Sanjeet Singh, Director, Ministry of Commerce & Industry, Karikal Valaven, Commissioner of Industries, Government. of Andhra Pradesh, S Kishore, Development Commissioner, Vizag SEZ and Bamba received Dr Khullar.
Sri City is an emerging world-class Business City located 55-kms from Chennai. It has the distinction of being the largest private sector multi-product Special Economic Zone (SEZ) in South India with a Domestic Tariff Zone (DTZ) and a Free Trade and Warehousing Zone (FTWZ) built in functional partnership with the Government of Andhra Pradesh. Strategically located, Sri City offers the distinct advantage of well-established connectivity by rail, and road with proximity to three seaports and two airports. Today, Sri City as a whole is home to over 70 industries from 22 countries which is truly unique.
Built on the ‘Work-Live-Learn-Play’ concept and master-planned by Jurong Consultants, Singapore, Sri City is an integrated development of a world-class business city with lifestyle facilities. Well-demarcated industrial zones within the SEZ and DTZ include automotive, engineering, logistics and warehousing, aerospace, electronics, biotech-pharma and IT-BPO, renewable energy and other eco-friendly industries. The trading zone (FTWZ) will primarily cater to companies trading in imports and re-exports, packaging, storage and distribution in the local markets.
In addition, country specific enclaves are specially created to offer specific and exclusive facilities to companies from these countries. The enclave will include a gated community development that offers native-style homes, food-courts with native chefs, translators and an 18-hole golf course. Robust industrial infrastructure such as road, water, power, telecom and sewer networks will service these zones making Sri City a hassle-free operational zone. Residential areas, commercial hubs, world-class healthcare, educational institutions, recreation centres and all necessary amenities will support the industrial zones at Sri City making it a truly integrated development for business and lifestyle.