Road show highlights investment opportunities in Sri City

Sri City, January 29, 2016:- A marketing meet, organised jointly by the Development Commissioner and Sri City in association with the Federation of Indian Export Organisations (FIEO) was held on Friday in Sri City. The intent of the road show was to showcase investment opportunities in Sri City with a view to tapping the potential investments. Mr. H. E. Abdul Azeez, Management Committee Member, Southern Region, FIEO and Mr. Muthuswamy, Additional Commissioner of Customs & Central Excise were the chief guests of the meet.

Welcoming the delegates and other invitees, Mr. Ravindra Sannareddy, Managing Director, Sri City showcased the competitive strengths of Sri City and urged the investors to explore the available investment opportunities.

He said,”The big advantage for Sri City is its strategic location. It emerged as a good choice for the investors who want to locate their operations near Chennai. In Sri City we have well-diverse sectors – from manufacturing to food processing and high-tech industries. Now, we have focused on creating world class social infrastructure.”

Delivering the Inaugural address Mr. Anil K. Choudhary, Development Commissioner, Sri City SEZ, said,”The road show is organised with an intent to bridge the communication gap about the policies on SEZs and their implications among the investors.”

Stating that Sri City is one of the best SEZs, Mr. Muthuswamy said,”Come and do the business here, we will extend our cooperation”.

Addressing the audience Mr. H. E. Abdul Azeez mentioned that SEZs are the real growth engines of Indian economy, and lauded the efforts of Ministry of Commerce for publicising the concept among the potential investors.

There was interactive session with experts on taxation and other related issues applicable for Export Oriented Units (EOUs) and SEZ Units.
About 120 delegates from diverse industries have attended the session.