Perambalur is finally getting some movement in the long ago announced SEZ project. This project is being implemented as a Joint Venture between GVK and TIDCO through a Special Purpose Vehicle (SPV) company, GVK Infratech Pvt. Ltd., a wholly owned subsidiary of GVK Power & Infrastructure Ltd.
In an area of 3000 acres this will cater to industries such as textile/ garments, leather, engineering goods, pharmaceuticals, Power, IT/ITES, Iron & steel, Fertilizers, Chemicals, Petrochemicals, Floriculture, Horticulture, Electronic & Communication, etc.
The better news in this is this.
The project has received an in-principle approval from the Board of Approval of the Union Ministry of Commerce and is expected to attract investments of about about Rs. 5000 Crores over a period of 7 Years. The project will create new employment opportunities for more than 50,000 people in the region and generate expected annual export earnings of around Rs. 6000 crores.
If this comes up big in Perambalur, trichy will benefit enormously due to increased commerce, retail and general living conditions due to increased disposable income.
We need more and more of this kind of development in and around Trichy to make this a commercial center.