Attivo signs MoU with TS Govt to develop infrastructure equipment manufacturing park
Attivo Economic Zones Private Limited, a Srei initiative, and the Government of Telangana today announced a new cooperation agreement to further...
Bengaluru: Attivo Economic Zones Private Limited, a Srei initiative, and the Government of Telangana today announced a new cooperation agreement to further accelerate industrial growth and socio-economic development in Telangana.
The agreement, in the form of a Memorandum of Understanding (MoU), was signed between Attivo and the Department of Industries and Commerce, Government of Telangana in the presence of IT Minister K.T. Rama Rao and IT Department Principal Secretary Jayesh Ranjan, Srei Vice Chairman Sunil Kanoria, and Attivo CEO Indranil Dasgupta.
The MoU will allow Attivo to develop an infrastructure equipment manufacturing park in the National Investment and Manufacturing Zone (NIMZ) near Zaheerabad town in Telangana. Spread over 500 acres, the park will create a sustainable and comprehensive industrial zone of international standards. Some of the world's leading original equipment makers (OEMs) are expected to set up their units in the park, which has a potential to generate direct and indirect employment in excess of 10,000 over the next 10 years.
The industrial park, located 116 kilometres from the capital city of Hyderabad, will be well-connected with road and railway networks, allowing OEMs to connect and communicate with different markets across India. This will be complemented with assured water supply, world-class telecommunication infrastructure and availability of skilled and employable manpower.
Commenting on the development, Sunil Kanoria said, "Over the last two-and-a-half decades, Srei, through its business ventures, has been creating an environment for inclusive economic growth. Attivo's infrastructure equipment manufacturing park will not only propel industrial growth in Telangana but will also promote sustainable socio-economic development by creating job opportunities for the state's skilled workforce."
KTR said Telangana is emerging as a preferred destination for industry. "Our priority has been to ensure ease of doing business and we will continue to support business ventures, which have the potential to drive industrial growth and economic progress of the state," he said.