ÑDz©ÌåÓý¹ÙÍøÊ×Ò³

MEPZ SEZ Approves Investments, Creating 713 Jobs
ECONOMY & POLICY

MEPZ SEZ Approves Investments, Creating 713 Jobs

The Madras Export Processing Zone (MEPZ) Special Economic Zone (SEZ) is making significant strides in boosting Tamil Nadu’s economy while promoting inclusivity. During the latest Unit Approval Committee (UAC) meeting, chaired by Alex Paul Menon, three industrial units received approval, securing Rs 1.17 billion in investments and generating 713 new job opportunities in the region.

A noteworthy achievement is that 20 transgender individuals will be joining the workforce through these new approvals, underscoring MEPZ SEZ's commitment to fostering diversity and equal opportunities in the workplace.

One of the key approvals was for Keum Woo Textile India Pvt. Ltd., which brings in a Rs 389 million investment and will create 218 jobs.

With a cumulative investment exceeding Rs 55 billion for the 2024-25 fiscal year, MEPZ SEZ is set to generate employment for 35,800 individuals, further proving that industrial success and social progress can coexist.

The Madras Export Processing Zone (MEPZ) Special Economic Zone (SEZ) is making significant strides in boosting Tamil Nadu’s economy while promoting inclusivity. During the latest Unit Approval Committee (UAC) meeting, chaired by Alex Paul Menon, three industrial units received approval, securing Rs 1.17 billion in investments and generating 713 new job opportunities in the region. A noteworthy achievement is that 20 transgender individuals will be joining the workforce through these new approvals, underscoring MEPZ SEZ's commitment to fostering diversity and equal opportunities in the workplace. One of the key approvals was for Keum Woo Textile India Pvt. Ltd., which brings in a Rs 389 million investment and will create 218 jobs. With a cumulative investment exceeding Rs 55 billion for the 2024-25 fiscal year, MEPZ SEZ is set to generate employment for 35,800 individuals, further proving that industrial success and social progress can coexist.

Next Story
Infrastructure Urban

MoHUA Plans New Role for Smart City SPVs

In a significant policy move, the Ministry of Housing and Urban Affairs (MoHUA) has issued an advisory encouraging the continued use and repurposing of Special Purpose Vehicles (SPVs) formed under the Smart Cities Mission (SCM). This marks a step toward sustaining urban transformation by leveraging institutional capabilities and infrastructure developed over the past decade.Initiated in 2015, the Smart Cities Mission introduced a new era of urban planning in India, with each of the 100 selected cities forming SPVs under the Companies Act, 2013. These entities, jointly owned by state government..

Next Story
Infrastructure Urban

ADB Approves $110 Million Loan to Boost Skills in Gujarat

The Asian Development Bank (ADB) has approved a USD 109.97 million (Rs 9.27 billion) results-based loan to support Gujarat’s efforts to become a global industrial hub by developing a future-ready, skilled workforce.The funding will back the Gujarat skills development programme, led by the Department of Labour, Skill Development and Employment in collaboration with Kaushalya: The Skill University (KSU). The initiative aims to equip the workforce with advanced, industry-aligned skills to meet rising employment demand in high-growth sectors.According to ADB, the programme seeks to strengthen in..

Next Story
Infrastructure Urban

SDAL Tests Rudrastra UAV and Bhargavastra Defence System

Solar Defence and Aerospace Limited (SDAL) has successfully completed a key flight test of its indigenous Hybrid VTOL UAV Rudrastra at the Pokharan Firing Range, aligning with Indian Army performance benchmarks for mission adaptability, high endurance, precision engagement, and vertical take-off and landing (VTOL) capability.The trial marks a notable achievement in India’s Aatmanirbhar Bharat initiative, underscoring advancements in home-grown military technology. The Rudrastra UAV demonstrated a mission radius exceeding 50 km with uninterrupted video relay, a total operational range of over..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement