Visakhapatnam Special Economic Zone (VSEZ) has achieved exports to the tune of Rs 1,04,278 crore between April and September 2023, a rise of over 30 per cent over the earlier interval through the final fiscal. This consists of providers exports of Rs76,413 crore and merchandise exports of Rs 28,314 crore. The providers exports elevated by over 34 per cent whereas merchandise exports elevated by over 21 per cent when in comparison with that of the corresponding interval within the earlier yr.
The VSEZ was established in 1989 and is unfold over round 360 acres with head workplace at Duvvada in Vizag metropolis.It has been catering to the wants ofexport-oriented items in Chhattisgarh, Andhra Pradesh, Telangana and Yanam.
Speaking to TOI, VSEZ Zonal Development Commissioner, Muppaala Srinivas mentioned {that a} complete of 640 items have been functioning within the jurisdiction of VSEZ in Andhra Pradesh and Telangana. VSEZ has attracted investments of Rs 1,04,961 crore and generated employment for over 6.6 lakh as of June. Proposals for 11 new SEZ items and two Export Oriented Units (EOUs) had been accepted in Andhra Pradesh and Telangana and these items would make an funding of Rs 167 crore and present employment to over 4,000 folks.
We are interesting to the buyers to arrange numerous items within the jurisdiction of VSEZ and we expect that VSEZ will obtain extra exports within the coming years, mentioned the 19194 batch IRSME officer Srinivas
The VSEZ officers mentioned that proposals for 5 new SEZ items—Akshara Metals Private Limited for manufacturing gold jewelry and sprucing of diamonds, Gaia Crew Private Limited for buying and selling biodegradable cutlery, Lee Health Domain for manufacturing of nutraceuticals, Salgo Minerals for Heavy Minerals and Tanmayee Logistics for warehousing and auxiliary providers—had been accepted in Andhra Pradesh.
In Telangana, proposals for six new SEZ units_ FedEx Express Transportation and Supply Chain Services (India) Private Limited, De Novo Technology Solutions Private Limited, DigitalOps Technology Private Limited, Minfy Technologies Private Limited, Terafina Software Solutions Private Limited and Mphasis Limited had been cleared, they added.
The VSEZ was established in 1989 and is unfold over round 360 acres with head workplace at Duvvada in Vizag metropolis.It has been catering to the wants ofexport-oriented items in Chhattisgarh, Andhra Pradesh, Telangana and Yanam.
Speaking to TOI, VSEZ Zonal Development Commissioner, Muppaala Srinivas mentioned {that a} complete of 640 items have been functioning within the jurisdiction of VSEZ in Andhra Pradesh and Telangana. VSEZ has attracted investments of Rs 1,04,961 crore and generated employment for over 6.6 lakh as of June. Proposals for 11 new SEZ items and two Export Oriented Units (EOUs) had been accepted in Andhra Pradesh and Telangana and these items would make an funding of Rs 167 crore and present employment to over 4,000 folks.
We are interesting to the buyers to arrange numerous items within the jurisdiction of VSEZ and we expect that VSEZ will obtain extra exports within the coming years, mentioned the 19194 batch IRSME officer Srinivas
The VSEZ officers mentioned that proposals for 5 new SEZ items—Akshara Metals Private Limited for manufacturing gold jewelry and sprucing of diamonds, Gaia Crew Private Limited for buying and selling biodegradable cutlery, Lee Health Domain for manufacturing of nutraceuticals, Salgo Minerals for Heavy Minerals and Tanmayee Logistics for warehousing and auxiliary providers—had been accepted in Andhra Pradesh.
In Telangana, proposals for six new SEZ units_ FedEx Express Transportation and Supply Chain Services (India) Private Limited, De Novo Technology Solutions Private Limited, DigitalOps Technology Private Limited, Minfy Technologies Private Limited, Terafina Software Solutions Private Limited and Mphasis Limited had been cleared, they added.
