Visakhapatnam Particular Financial 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 contains companies exports of Rs76,413 crore and merchandise exports of Rs 28,314 crore. The companies 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 12 months.
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.
Chatting with TOI, VSEZ Zonal Growth Commissioner, Muppaala Srinivas stated {that a} whole 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 Models (EOUs) have been authorised in Andhra Pradesh and Telangana and these items would make an funding of Rs 167 crore and supply employment to over 4,000 individuals.
We’re 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, stated the 19194 batch IRSME officer Srinivas
The VSEZ officers stated that proposals for 5 new SEZ items—Akshara Metals Personal Restricted for manufacturing gold jewelry and sprucing of diamonds, Gaia Crew Personal Restricted for buying and selling biodegradable cutlery, Lee Well being Area for manufacturing of nutraceuticals, Salgo Minerals for Heavy Minerals and Tanmayee Logistics for warehousing and auxiliary companies—have been authorised in Andhra Pradesh.
In Telangana, proposals for six new SEZ units_ FedEx Specific Transportation and Provide Chain Providers (India) Personal Restricted, De Novo Know-how Options Personal Restricted, DigitalOps Know-how Personal Restricted, Minfy Applied sciences Personal Restricted, Terafina Software program Options Personal Restricted and Mphasis Restricted have 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.
Chatting with TOI, VSEZ Zonal Growth Commissioner, Muppaala Srinivas stated {that a} whole 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 Models (EOUs) have been authorised in Andhra Pradesh and Telangana and these items would make an funding of Rs 167 crore and supply employment to over 4,000 individuals.
We’re 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, stated the 19194 batch IRSME officer Srinivas
The VSEZ officers stated that proposals for 5 new SEZ items—Akshara Metals Personal Restricted for manufacturing gold jewelry and sprucing of diamonds, Gaia Crew Personal Restricted for buying and selling biodegradable cutlery, Lee Well being Area for manufacturing of nutraceuticals, Salgo Minerals for Heavy Minerals and Tanmayee Logistics for warehousing and auxiliary companies—have been authorised in Andhra Pradesh.
In Telangana, proposals for six new SEZ units_ FedEx Specific Transportation and Provide Chain Providers (India) Personal Restricted, De Novo Know-how Options Personal Restricted, DigitalOps Know-how Personal Restricted, Minfy Applied sciences Personal Restricted, Terafina Software program Options Personal Restricted and Mphasis Restricted have been cleared, they added.
