Description
Introduction
Krishnapatnam Infratech Private Limited, promoted by the Navayuga Group, is spearheading the development of a Multi Product Special Economic Zone (SEZ) at Chillakur Mandal, SPS Nellore District, Andhra Pradesh, India. This SEZ is poised to become a significant hub for industrial and economic activities, leveraging the strategic advantages offered by its proximity to the Krishnapatnam Port and its robust infrastructure.
Developer Details
The Navayuga Group, renowned for its expertise in infrastructure development, is the driving force behind this ambitious project. With interests spanning across ports, infrastructure development, mining, engineering, exports, power generation, and GIS services, the group aims to achieve a top line of 10 billion USD in the next five years.
Project Phases
The project is divided into two phases, each covering 6,000 acres, making up a total of 12,000 acres. The first phase includes the establishment of a Multi Product SEZ, which will house various industries, ranging from food processing to heavy machinery and IT offices.
Advantages of the SEZ
Krishnapatnam SEZ offers several strategic advantages:
Multi-Modal Connectivity: The SEZ is well-connected by road, rail, and sea, with the Krishnapatnam Port adjacent to it, facilitating easy and efficient logistics.
Infrastructure and Facilities: The SEZ provides uninterrupted power and water supply, flexible layouts, and dedicated areas for social infrastructure, including residential facilities, educational institutions, hospitals, and entertainment centers.
Single Window Clearance: Streamlined administrative processes ensure quick and hassle-free setup and operations for businesses.
Expected Industries
The SEZ is designed to attract a diverse range of industries, including but not limited to:
Food Processing
Refineries
Heavy Machinery
IT/ITES Offices
Pharmaceuticals
Educational Institutions
Textile
Auto Ancillary
Chemical
The area is also expected to support air cargo and maintenance, repair, and operations (MRO) for airlines, cold storage, warehousing, and container freight stations.
Fiscal Advantages
The SEZ offers attractive fiscal incentives, such as:
100% Foreign Direct Investment (FDI) for manufacturing units.
100% income tax exemption for the first five years and 50% exemption for the subsequent two years from the start of operations.
100% profit repatriation from export earnings.
Exemption from Special Additional Duty (SAD) on supplies within the Domestic Tariff Area (DTA).
Core Infrastructure
The SEZ is equipped with essential infrastructure, including:
Bituminous and cement concrete roads
Electrical distribution systems (11kV and 33kV)
Electrical sub-stations
Sewerage systems
Stormwater drainage
Treated water supply and water treatment plants
Solid waste management
Street lighting
Telecommunication networks.
Amenities and Social Infrastructure
To support the workforce and residents, the SEZ offers a range of amenities:
Captive power plants
Container terminals
Fire and police stations
Skill development centers
Warehousing and truck terminals
Social infrastructure such as banks, bus stands, hospitals, schools, hotels, and shopping complexes.
Plot Sizes and Ownership
The SEZ offers plots in various sizes to cater to different business needs:
Less than 1 acre
1-5 acres
5-10 acres
More than 10 acres
Ownership options include government, private, and public-private partnerships.
Environmental Considerations
Krishnapatnam SEZ is committed to sustainability, offering green ratings such as Gold, Platinum, and Silver, ensuring that the industrial activities are environmentally friendly and sustainable.
Conclusion
Krishnapatnam Infratech Private Limited's SEZ at Chillakur Mandal is set to become a cornerstone of industrial growth in India. With its strategic location, robust infrastructure, and comprehensive support facilities, it promises to be an ideal destination for a wide range of industries. This development is not just an industrial hub but a catalyst for economic growth, providing world-class facilities and setting new standards in industrial and economic development.
