Union Government Approves Second SEZ for Mangalore
Daijiworld Media Network – Mangalore (RD/MB)
Mangalore, Jul 15: Mangalore, Termed as the second commercial capital of Karnataka, is now becoming the darling of Major investors in the country. Strategically located along the west coast, the region is expecting huge investements.
Union government has approved one more SEZ besides ONGC SEZ in Mangalore on Friday Jul 13.
Union government SEZ Approval Committee has given the final nod for setting up another SEZ here. This has drawn the curtains on the controversies related to SEZ.
Bangalore-based Kinfotech Software Private Ltd will be the another company which has been approved to set up IT-based SEZ. It would set up Information Technology Oriented Services (ITOS), at the proposed Export Promotion Industrial Park (EXIP) on 25-acre plot at Ganjimath on the outskirts of Mangalore. It is the fourth proposed SEZ in Mangalore.
Despite Mangalore SEZ being considered a multiple-products SEZ, only local based industries will be set up. Final nod has already been granted for ONGC Petrochemical and Petroleum Complex. The project would cover 1500 acres while Rs 300 crores will be invested. The project would be implemented in phases.
Union environment department has alredy given a green signal for the project. The SEZ-related notification will be issued in a month's time. The process of setting up the project begins later on, sources stated. PM Manmohan Singh's arriving to lay foundation stone for the proposed ONGC Petrochemical Comnplex has been confirmed.
IT Park: Infotech Software Private Ltd has applied to set up IT SEZ in Ganjimath EPIP. Karnataka Industrial Development Authority has sanctioned 25 acres for setting up IT Park.
The local industrialists seem to have opposed the project initially citing the reason that industrialists within the district were not given due preference, with others getting the benefits.
Thumbay group of companies has been already developing an IT park. Infosys will be setting up IT Park at Kambalapadav near Mudipu.
Kanara Entrepreneurs Ltd (KEL), a forum of UAE-based NRIs, has come forward to invest in the proposed SEZ in Mangalore. They have submitted a proposal to set up SEZ in a plot of 180 acres at Shakti Nagar, on the outskirts of Mangalore for which they have secured final nod from union government.
Bharati Shipyard has also expressed its interest in investing at these SEZ' besides another two companies.