MEPZ SEZ Approves Investments, Creating 713 Jobs

06 Feb 2025 CW Team

The Madras Export Processing Zone (MEPZ) Special Economic Zone (SEZ) is making significant strides in boosting Tamil Nadu’s economy while promoting inclusivity. During the latest Unit Approval Committee (UAC) meeting, chaired by Alex Paul Menon, three industrial units received approval, securing Rs 1.17 billion in investments and generating 713 new job opportunities in the region.

A noteworthy achievement is that 20 transgender individuals will be joining the workforce through these new approvals, underscoring MEPZ SEZ's commitment to fostering diversity and equal opportunities in the workplace.

One of the key approvals was for Keum Woo Textile India Pvt. Ltd., which brings in a Rs 389 million investment and will create 218 jobs.

With a cumulative investment exceeding Rs 55 billion for the 2024-25 fiscal year, MEPZ SEZ is set to generate employment for 35,800 individuals, further proving that industrial success and social progress can coexist.

Real Estate

17 Sep 2025

Indian REITs Offer 6-7.5 per cent Yield, Surpassing Many Global Markets

Indian Real Estate Investment Trusts (REITs) are delivering average yields of 6–7.5 per cent for unitholders, outperforming many mature markets, including the US, according to a report by Credai and Anarock.Credai, the apex body of Indian real estate developers, and property consultant Anarock released the report Indian REITs – A Gateway to Institutional Real Estate at an event in India.Currently, India has five listed REITs – Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, Nexus Select Trust, and Knowledge Realty Trust. Nexus Select Trust pr..

Insolation Energy Wins 226 MW Solar Projects Under PM-KUSUM

Insolation Energy on Monday announced securing multiple solar projects totalling 226.45 MW, with an investment of Rs 7.5 billion, under the PM-KUSUM scheme. The orders were awarded to its wholly-owned subsidiary, Insolation Green Energy Pvt Ltd, by Jaipur Vidyut Vitran Nigam Limited for 20 sites and Ajmer Vidyut Vitran Nigam Limited for 115 sites, the company informed the exchanges.“The combined SPV solar power plants will total 226.45 MW under PM-KUSUM Component A, with the final levelised tariff at Rs 3.04 per unit for 16 sites, Rs 2.82 per unit for 5 sites, Rs 2.75 per unit for 53 sites, ..

Numaligarh Refinery Awards EPC Contract for Rooftop Solar Projects

State-owned Numaligarh Refinery Ltd. (NRL) has awarded a Letter of Award to Solarium Green Energy Ltd. for the rate contract covering the Engineering, Procurement, and Construction (EPC) of grid-connected rooftop solar PV projects at various locations. The projects fall within the categories of 51–200 kW and 201–1000 kW. Notable projects include a 140 kW rooftop solar plant at NRL Assam, a 760 kW plant at NRL Assam, and a 280 kW plant at NRL West Bengal.The supply order covers ex-manufacturing works and the dispatch price for plant and equipment for the 140 kW, 760 kW, and 280 kW rooftop s..