The Unit Approval Committee (UAC) of MEPZ SEZ, chaired by Thiru. Alex Paul Menon, Development Commissioner, convened on December 09, 2024, to deliberate on investment proposals aimed at bolstering economic development and employment generation. The meeting resulted in the approval of significant projects across Special Economic Zones (SEZs) and Export Oriented Units (EOUs), reaffirming MEPZ SEZ’s commitment to fostering business growth in Tamil Nadu, Andaman & Puducherry (TAP) Region.
Key Approvals:
A total of Rs.143.41 crore in investments and 3,686 jobs were approved for 11 SEZ units, spanning IT/ITES, logistics, manufacturing, and services sectors. Among the notable approvals, M/s. A2000 Solutions Private Limited and M/s. Medcode Services Pvt. Ltd. proposed investments of ₹0.23 crore and Rs.2.44 crore, respectively, at ELCOT SEZ, Gangaikondan and Vilankurichi, generating a combined 630 jobs. M/s. State Street Corporate Services Delhi Private Limited’s Rs.107.74 crore investment at KGISL SEZ, Coimbatore, stands out, expected to create 2,375 jobs in ITES (BPO) services. M/s. RPM Global Business Capability Centre Private Limited expanded its presence with a Rs.21.89 crore investment at KGISL SEZ, adding 61 jobs.
Other investments included contributions from logistics and manufacturing firms such as M/s. Jeyyemaarr FTW and Logistics, M/s. Wooshin Pigment India Private Limited, and service-oriented enterprises like M/s. Prochant India Pvt. Ltd. and M/s. Sutherland Global Services Private Limited A1, collectively enhancing employment and operational capacity within SEZs. Additionally, Rs.2.32 crore was approved for a new Export Oriented Unit (EOU) by M/s. Portman Infra India Private Limited for manufacturing operations, creating 50 jobs. This brings the total investments approved during the meeting to Rs.145.73 crore and 3,736 jobs, underscoring the critical role of MEPZ SEZ in driving regional socio-economic growth.
Cumulative Impact (April 2024 to December 2024):
Since April 2024, MEPZ SEZ has facilitated Rs.4,467 crore in investments across SEZ and EOU units, generating 30761 employment creation. These achievements highlight MEPZ SEZ’s commitment to fostering innovation, enabling businesses to thrive, and contributing significantly to this region’s economic development.
Ease of Doing Business Initiatives:
MEPZ SEZ continues to prioritize streamlining approval processes, including issuing same-day Letters of Approval (LoAs) for compliant projects. These initiatives ensure swift operationalization and strengthen the SEZ’s reputation as a business-friendly destination.
Thiru. Alex Paul Menon, IAS, remarked, “MEPZ SEZ remains steadfast in its mission to create an ecosystem conducive to innovation, investment, and job creation. With a focus on targeted sectors, we aim to propel Tamil Nadu as a global business hub while addressing emerging opportunities and challenges.”
With these approvals, MEPZ SEZ reinforces its status as a driver of sustainable growth and a key player in India’s economic landscape.