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K Raheja to develop Supremus Apparel & Textile SEZ at Hindupur

16
Oct '08

K Raheja Corp to develop Supremus Apparel and Textile SEZ at Hindupur, Andhra Pradesh; To offer various tax benefits and incentives to Textile industry K Raheja Corp, one of the country's largest real estate and retail companies, will be developing Supremus Apparel and Textile SEZ at Hindupur, Andhra Pradesh.

Mr Suhas Thakar, Vice President, Industrial Infrastructure & Logistics Division, K Raheja Corp, said, "Supremus Apparel and Textile SEZ will be a state-of-the-art manufacturing zone with all the attendant infrastructural facilities and the cost of doing business from our SEZ would be comparable to the best zones anywhere in India or abroad.”

“The objective will be to attract the best in the business to our SEZ thus creating immense employment and an excellent standard of living to those working in the zone."

Supremus Apparel and Textile SEZ is a unique setup among the apparel & textile parks in the country, bringing together all the essential components of the textile value chain within close proximity to each other to facilitate quality output.

It's spread over an area of 350 acres with the processing area comprising of 254 acres and the non-processing area of 96 acres. It has good road connectivity and is located on State Highway 9, approximately 90 kms North of Bangalore and the new International Airport is 78 kms away which can be covered in one hour and fifteen minutes. Supremus has already been notified by the Ministry of Commerce, Govt of India. It has also been approved for incentives under the Scheme for Integrated Textile Parks (SITP) of the Ministry of Textiles, Govt of India.

The Andhra Pradesh state government has identified Hindupur as an Industrial Growth Centre. Some of the other significant benefits include - - No license required for setting up textile units. - All matters are expeditiously handled by a single-window clearing agency. - No stamp duty & registration charges. - In addition, the AP govt. is providing various incentives for textile industry growth through the Industrial Policy and Textile & Apparel Promotion Policy 2005-2010.

This includes lower 1) Power tariffs 2) Flexible labour policies 3) Financial incentives and 4) Tax exemptions to garmenting units etc. - Special package of incentives for mega projects investing Rs. 100 crore or generating employment for 2500 people The units in the processing area would include weaving, dyeing, washing, apparel, leather and ancillary units such as threads, buttons, fasteners, labels, packing etc. This will form the core of the SEZ and will also have support facilities like warehousing/ godowns, third party logistics providers and transportation/truck terminals.

State of the art infrastructure consisting of assured and cheap power, water, good roads, drainage, zero discharge common effluent treatment plants will also be provided. The non processing area will be having good social infrastructure and amenities like housing and hostels for those working in the SEZ, commercial (hotel, shopping etc), and other facilities like post office, bank, schools, restaurants, petrol pump etc. There will be excellent recreation facilities and parks for the employees of the SEZ.

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