Telangana Affairs
Visakhapatnam Special Economic Zone approves new expansion projects worth Rs 780 crore
Visakhapatnam Special Economic Zone (VSEZ) said its unit approval committee (UAC) has cleared the decks for new IT/ITeS units as well as expansion projects entailing an of Rs 787 crore with a potential to create close to 6100jobsand generate exports to the tune of Rs 4974 crore over the next five years.
This includes two new IT/ITeS units Cognizant Mortgage Services Corp as well as Charnham India Pvt Ltd at theSundew Properties SEZinRangareddy districtas well as expansion projects of Wipro,HCL TechnologiesandSalesforcein Sundew Properties, Phoenix and Divyasree NSL SEZs located in Rangareddy district.
According to VSEZ, exports from VSEZ units stood at Rs 1,13,975 crore for financial year 2020-21, of which Telangana units accounted for Rs 83,525 crore exports.
VSEZ provided EMPLOYMENT to 4,32,924 people during 2020-21, a 10% in employment and attracted investments to the tune of Rs 76,681cr, a 36% rise in investments over last fiscal despite pandemic situation in the country.
National and International Affairs
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