Industry: Industry Region: United States Transaction Price: Not Disclosed Trading Method: Equity Investment
Description: Sri City Industrial Park in Andhra Pradesh, India is a Planned Integrated Business City founded with the concept of township, located in the Nellore area in the southeast of Andhra Pradesh, adjacent to the Tiruvallur area of Tamir, that is, on the border of Andhra Pradesh and Tamir Pradesh. To the east of Sri City is India's second largest lagoon, Pulicat Lake, which is India's rocket and satellite launch centre, and The Satish Dhawan Space Centre in Sriharikota sees spectacular satellite rocket launches several times a year.
Sri City Industrial Park is located on the Indian National Highway 5, about 55 km north of Chennai City, covering a total area of about 100 square kilometers. The industrial zone is mainly divided into three major areas: the Special Economic Zone (SEZ), the Domestic TariffZone (DTZ) and the Free Trade and Warehousing Zone (FTWZ), with a total area of 5,400 acres (more than 2,200 hectares).
Details: The 2,400-acre SEZ Zone offers state-of-the-art public facilities, local customs clearance and modern warehousing facilities that allow manufacturers to quickly and efficiently deliver products around the world via ports such as Chennai Port or ENNORE Port, 50 km to the south, or Krishnapatnam, 100 km to the north. The Sri City Special Economic Zone is also a specific duty-free zone, where manufacturers enjoy various benefits mainly for export.
Sri City's Domestic Sales Zone (DTZ) covers an area of 2,500 acres and is available to manufacturers who mainly sell domestically. In addition to taking advantage of the modern conveniences in the zone, manufacturers can also form a very efficient supply chain due to their proximity to the Export Zone (SEZ) and can provide relevant needs to customers in the Export Zone, and the manufacturers in the SEZ Zone also benefit from it.
The Free Trade and Warehousing Zone (FTWZ) covers a total area of 500 acres (about 227 hectares) and provides the logistics and warehousing needs of SEZ and DTZ manufacturers in the area. This is also an added benefit for logistics and warehousing companies that want to grow in Sri City, as the growing vendor tree in the region provides a growing customer base that can be asked to grow their business.
In addition to the Special Economic Zone, Domestic Tariff Zone and Free Trade and Warehousing Zone, Sri City also retains education and living areas (including residential and medical areas) to provide advanced public works support to strengthen and nurture the talent pool. Living quarters include general residential areas, medical centres and other facilities. The education area is planned from kindergarten to post-bachelor's and graduate school, and the entertainment area has golf courses, shopping malls, clubs, outdoor sports and other leisure programs.
Sri City Industrial Park has more than 80 manufacturers stationed in the industrial park, and about 40 factories have been completed and started production. Among the largest number of manufacturers, there are about 30 Japanese companies, including ISUZU, Kobelco, Nippon Seki, NHK and other companies. U.S. companies also have four manufacturers, including Kellogg and Colgate. Italy has 4 manufacturers such as Lavazza, and 3 manufacturers have entered the mainland.
D.H. Law Firm India has successfully helped several large Chinese companies set up in the Sri City industrial zone, such as LONGi, the world's largest monocrystalline silicon manufacturer--- LONGi engaged D.H. Law Firm as the legal counsel for the whole process, and successfully completed the due diligence and legal risk exclusion of the investment plan in the Indian market, and its first phase investment will be about 300 million US dollars. In addition, the senior management of Sri City Industrial Park also authorized D.H. Law Firm to recommend and engage with appropriate Chinese clients.