4.7 lakh employment opportunities in SEZs for AP

October 19, 2006	(1 votes, average: 4 out of 5)  Loading ...
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An estimated 4.5 lakh employment opportunities would be created through the 48 Special Economic Zones (SEZs) coming up in Andhra Pradesh in the next two years.

The SEZs will create a conducive environment for investment and exports and rope in foreign and domestic firms, according to an official statement here today.

The Centre has approved 48 SEZs of which IT/ITES will have 27 SEZs, pharma 6, multi product 4, footwear 3, and one each for biotech, apparel, building products, services sector, paper, textile, gems and jewellery and semiconductor SEZ (Fab), it said.

The SEZs approved for gems and jewellery (50,000 jobs), footwear and leather (30,000 jobs) and apparels (60,000 jobs), land for which has been alloted, are employment oriented.

The state is encouraging such SEZs keeping in view the high employment potential. By establishing these SEZs, 1,40,000 jobs would be created among lower middle class, weaker sections particularly SCs, STs, BCs and minorities, the release added.

In respect of multi products SEZs being developed for HPCL at Visakhapatnam and ONGC at Kakinada, state government has acquired waste and single crop lands and is making it available to them. These are long term projects and when fully functional, it will create about 50,000 jobs in manufacturing sector, the release added.

Source: http://www.newkerala.com/

News Published Under:   Hyderabad, Special Economic Zones |

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