NEPC to set up Rs2,000 crore SEZ
Natural Energy Processing Company (NEPC) India Ltd has announced plans to set up a Special Economic Zone (SEZ) at Palladam near Coimbatore at an estimated investment of Rs2,000 crore. According to company sources, the plan also includes the setting up of a solar and photo voltaic plant at the SEZ whose construction is expected to begin from January next year.
The company is currently in the process of acquiring all the required clearances from the state and union government for the project while simultaneously negotiating with private equity players to fund the project, which is going to be financed through a mix of debt and equity.
According to company estimates, the project is expected to garner about Rs4,000-5,000 crore from investors while providing employment opportunities to 5,000-6,000 people both directly and indirectly.