The Union government has approved the establishment of two new Special Economic Zones (SEZs) in Puducherry to bolster the country’s industrial sector and enhance exports. These SEZs aim to foster investment, manufacturing, and job opportunities in the region. One of the SEZs, an IT/ITES SEZ, will be developed by M/s Oulgaret Municipality at Thattanchavady village, spanning 8.623 hectares with an investment of Rs 725 crore, expected to create 3,500 jobs.
The second SEZ, a Multi-Sector SEZ, will be set up by M/s Pondicherry Industrial Promotion Development and Investment Corporation (PIPDIC) at Karasur village over 86.2457 hectares with an investment of Rs 1,250 crore, anticipating employment for 5,000 individuals. These initiatives signify the growth in the industrial landscape of the Tamil Nadu, Andaman, and Puducherry (TAP) Region, contributing significantly to employment and economic progress.
The government’s move to establish these SEZs aligns with the strategy to strengthen India’s industrial and services sector, promoting growth through SEZ-led initiatives. This strategy aims to enhance the country’s economic resilience, attract investments, and boost employment opportunities, fostering overall economic development.
