Acquisition of land for Tamil Nadu's proposed Special Economic Zone in Perambalur is expected to be completed before this month end. The Board of Approval of the Union Ministry of Commerce had already given the in-principle clearance for the project and the final approval would be accorded before July. The SEZ is estimated to attract an investment of Rs 5,000 crore to be spread across in the next 7-8 years.
A total of 2,450 acres of land has been acquired and registered. Another 550 acres is expected to be acquired before the month end. The multi-product SEZ, a joint venture of GVK Infratech Pv Ltd and state-government owned TIDCO, would have units in engineering goods, power equipment, pharmaceuticals, chemical, petrochemicals, electronics and communcation, IT/ITES, textiles and leather.