Twelve new proposals have been granted approval for setting up of units in Andhra Pradesh (three) and Telangana (nine) in the jurisdiction of city-based Visakhapatnam Special Economic Zone (VSEZ). These units will make an investment of ₹1,956 crore and will provide employment to 2,943 eligible candidates. Most of them are software companies, whose targeted customers are from Canada and the US.
The three units in Andhra Pradesh will be M/s. Advait Biofuels Private Limited for manufacture of Biodiesel, M/s. Biocon Limited and M/s. Granules CZRO Private Limited for manufacture of pharmaceutical products, according to VSEZ here. The location of the companies will be combined Visakhapatnam district.
The nine units in Telangana are M/s. Purview India Consulting and Services LLP, M/s. Sigmasoft Infotech Pvt. Ltd, M/s. Cadeploy Engineering Pvt. Ltd, M/s. Inspire Brands Global Innovation Centre India Pvt. Ltd, M/s. Offchip Technologies P Ltd, M/s. Safran Aircraft Engines Services Pvt. Limited, M/s. Arowana Engineering and Survey Services India P Ltd, M/s. Astreya Consultancy India Pvt. Ltd and M/s. FedEx Express Transportation and Supply Chain Services India Pvt. Ltd. The location of the companies is in Ranga Reddy district.
