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SIPCOT looks to acquire 1,000 acre of land from AMRL Hitech City

Wednesday, 15 Sep 2021
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Tamil Nadu government, through State Industries Promotion Corporation of Tamil Nadu (SIPCOT), is planning to acquire about 1,000 acre of land from the SEZ private developer - AMRL Hitech City, convert to Domestic Tariff Area (DTA) and develop it as a joint venture between AMRL and SIPCOT.

The land is located at Nanguneri SEZ in Tirunelveli district. Out of 2,500 acre of land, AMRL has been able to sell only 130 acre in all these years. The company is willing to provide the 1,000 acre of land.

Backward area development is a major focus area for the state government, which has identified 22 districts that are industrially backward, and incentives are given for investors. The government plans to acquire nearly 45,000 acre (mostly private land) mostly in the backward areas.

 
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