Velankani to develop SEZ at Sriperumbudur in TN

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New Delhi, Sept 10 (UNI) Velankani Technology Parks Pvt Ltd (VTP) today said it will develop an Special Economic Zone (SEZ) at Sriperumbudur in Tamil Nadu, with an investment of Rs 1,300 crore and expects to complete the project by 2012.

Spread across 250-acre campus in Sriperumbudur, this 'Electronic Hardware Manufacturing and ITES' SEZ will be equipped to house between 20 and 30 global component suppliers.

''The Velankani Park is the only SEZ which will offer a plug and play facility in Sriperumbudur for companies to have a hassle free experience in starting operations,'' VTP Managing Director Kiron Shah said in a statement.

The first building will be ready by next month along with the basic infrastructure, while the international and domestic companies, who have signed up, will be start operations in April next year.

''All basic infrastructure like power, communication, water, sewer and storm water drains will be provided by Velankani to meet present and future requirements,'' Mr Shah said.

The Park will primarily meet the business needs of the telecom OEM&EMS manufacturing giants and will cater to component manufacturing. ''This will result in the formation of a robust and vibrant supply chaincluster for the telecom and electronics industry in India through local manufacturers and international investment,'' the statement said.

VTP is a part of Velankani Group, a state-of-the-art software and industrial park developer, headquartered in Bangalore.

The company is primarily engaged in the business of infrastructure development and management for the IT and electronics manufacturing sectors.

UNI MP AK CS1954

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