Chennai, 4 June 2009: The Special Economic Zone for Food Processing at Kakinada, Andhra Pradesh, promoted by Parry Infrastructure Co., (P) Ltd, part of the Murugappa Group is ready to commence operations.
Spread over 250 Acres, this Government of India notified SEZ is first of it’s kind in Andhra Pradesh and is strategically located close to Kakinada sea port and many agro-input farms.
Parry Infra, the promoters of this SEZ mentioned that their first customer, M/s Silk Road Sugar (P) Ltd, had set up a state-of-the-art sugar refinery at an approximate cost of Rs. 325 Crores in this SEZ. Due to its attractive location, many of the Indian Food processing exporters have evinced keen interest in setting up their units in this SEZ.
Parry Infra officials said, Andhra Pradesh is the ideal location for food industries, abundant with availability of several food ingredients, fruits & vegetables, fish & marine products, Diary products, spices, rice etc. Kakinada sea port, a private port with excellent facilities is located just 5 KMs from this SEZ which offers great advantage for cost effective shipments out of India.
About the Murugappa Group
Headquartered in Chennai, the Rs. 15,646 crores (USD 3 billion) Murugappa Group is one of India’s leading business conglomerates. Market leaders in diverse areas of business including Engineering, Abrasives, Finance, General Insurance, Cycles, Sugar, Farm Inputs, Fertilizers, Plantations, Bio-products and Nutraceuticals, its 29 companies have manufacturing facilities spread across 13 states in India. The organization fosters an environment of professionalism and has a workforce of over 32,000 employees. The Group has forged strong joint venture alliances with leading international companies like DBS Bank, Mitsui Sumitomo, Cargill, Foskor and Groupe Chimique Tunisien has consolidated its status as one of the fastest growing diversified business houses in India.
For further information, please contact:
From Parry Infrastructure
K. E Ranganathan
Managing Director- Parry Infrastructure Co., Pvt. Ltd.