Government of India Notifies Two Special Economic Zones in Puducherry

Government Approves Two Special Economic Zones in Puducherry

The government has notified two special economic zones (SEZs) to be developed in Puducherry, including the one for the IT sector, as per an official statement released on Friday. This decision follows the approval of the proposals by the Board of Approval for SEZs under the Department of Commerce during its 137th meeting held on February 27.

Out of these two SEZs, one IT/ITES SEZ will be developed by Oulgaret Municipality at Thattanchavady village in Oulgaret Taluk. Notably, this will be the first SEZ in India to be developed by an urban local body.

The other SEZ, a multi-sector SEZ, will be developed by the Pondicherry Industrial Promotion Development and Investment Corporation (PIPDIC) at Karasur village in Villianur Taluk. This development is expected to bring in significant economic growth and opportunities to the region.

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