Chennai, Aug. 12 -- The Madras Export Processing Zone- Special Economic Zone (MEPZ SEZ) has approved to convert M/s. BNT Marine Crafts (India) Pvt. Ltd's Domestic Tariff Area unit in Abishegakuppam, Puducherry, into a 100% Export Oriented Unit (EOU).
This is the first-ever marine sector EOU under MEPZ's jurisdiction and hailed as a milestone for India's Blue Economy.
The unit will manufacture semi-submarines, tourist, commercial, and premium vessels, with a projected investment of Rs 2.25 crore, expected NFEE of Rs 31.52 crore over five years, and
offer 77 new jobs, a PIB release said.
The decision was taken at the 8th Unit Approval Committee (UAC) meeting here. It was chaired by
Mr Alex Paul Menon, Development Commissioner, with par...