The Tamil Nadu Industrial Development Corporation (TIDCO) on Monday signed a memorandum of understanding (MoU) with Hyderabad-based GMR Infrastructure for a joint sector initiative to set up a multi-product Special Economic Zone (SEZ) in Krishnagiri district. The MoU was signed in the presence of Chief Minister M. Karunanidhi. GMR Infrastructure was selected through international bidding.

An official release here stated that the joint sector project, to be implemented at a cost of Rs.2,300 crore, was aimed at promoting socio-economic development and increasing employment opportunities in the district. The Centre had cleared it.

The multi-product SEZ would be established on a 1,330 hectare-site close to the national highway linking Chennai and Bangalore, and the State highway. It would have world-class infrastructure, green corridors and high class community infrastructure facilities, and would ensure environmental safeguards

The project is expected to attract foreign direct investment of Rs.11,000 crore and provide export opportunities of Rs.16,000 crore a year. It would provide direct employment to 70,000 persons.

Export-oriented industries such as electronics, apparel,engineering, information technology and IT-enabled services, and units based on bio-technology and nanotechnology would come up there.

TIDCO Managing Director S. Ramasundaram and Director of GMR Infrastructure B.V. Nageswara Rao signed the MoU.

April 29, 2007 - Integrated Feeder Township with an Information Technology Park

M/s. RAKINDO developers Pvt Ltd, (RAKINDO), a 50-50 Joint Venture between Vishwatej Projects Pvt Ltd

April 12, 2007 -Sector Specific SEZ for Bio - Pharmaceuticals

Government of India has granted ” in - principle approval “ to set up a Sector Specific Special Economic Zone for Pharmaceutical based on Biotechnology sector

April 04, 2007 - Sector specific SEZ for IT & ITES at Sholinganallur

Nuziveedu Seeds Limited (NSL), Secunderabad, the promoter along with TIDCO will implement the sector specific IT/ITES SEZ off the OMR at Sholinganallur, Tambaram Taluk, Kancheepuram

February 26, 2007- Agri Export Zone ( AEZ )for Cashew at Cuddalore

Government of India has granted ” in - principle approval “ to set up a Sector Specific Special Economic Zone for Pharmaceutical based on Biotechnology sector