‘Bullish on growth’

SEZ plays a key role in efficient functioning of import/export market. According to Government resources, in India, the total physical exports of Rs. 2,20,711 crore have been made from SEZs during the year 2009-10 registering a growth of about 121.40 per cent over the exports for the previous financial year.  Sanjeev Nakhasi, Corporate Vice President-Operations at Synefra E&C speaks about his SEZ business.
 
Brief up about Synefra’s achievements in SEZ developments.
Synefra has developed 3 Engineering SEZs located at, Coimbatore, Mangalore and Vadodara which are spread over 1337 acres of land. Synefra’s SEZs have been notified by the Govt. of India and have already leased out 316.7 acres to its clients out of the total leasable processing area of 1193 acres in the three SEZs. These SEZs are fully operational and have exported approximately Rs. 3000 crore worth of products.
 
Our Coimbatore SEZ spans over 380 acres of land, the SEZ is within the territorial limits of Coimbatore on SH 165 and 1.5 km from NH-47. This SEZ has a 230 KV substation and 40,000 KVA of sanctioned load making it ideal for power intensive industries. The water supply is secured by a captive dedicated 23 KM water line from Tirupur. To our knowledge, this is not available anywhere in India.
 
Mangalore SEZ is the only notified Special Economic Zone for Hi-tech engineering products and services in Mangalore with a total area of 642 acres. This SEZ is 50KM from NMPT port and is ideal for heavy export industries that can optimize the supply chain by using NMPT port.
 
Vadodara SEZ is located close to the territorial limits of Vadodara Urban Development Authority limits (VUDA) on SH 158 and is 7 km from NH 8. The SEZ has a dedicated gas pipe line and is an ideal abode for energy intensive gas based industries.
 
All our SEZs are:
•      Eco-friendly industrial parks
•      Strategically located for easy exports / imports
•      Operational for last 2 years.
 
Synefra SEZs boosts of being located in three highly growing industrial states in India. Gujarat has been the front runner for the past couple of years in terms of GDP growth rate along with Tamil Nadu & Karnataka.
 
What are the services you provide in SEZs?
As our SEZs are fully operational, the companies can simply walk in and start their production after the requisite SEZ approvals. To provide world class facility management and security services we have facilities management companies of International repute such as Sodexo, Knight Frank, and G4S. Thus our unit holders focus on their core-competency – their business. We take care of the rest.
We also specialize in SEZ related project management consultancy, design and engineering services and sustainable solutions for SEZs. Many of our unit holders have chosen to take these services from us as well and have further reduced their project completion time.
 
What is your total investment in SEZ business? How significant is this division for your group’s business?
Synefra plans to invest up to Rs. 715 crore in the SEZ development. Currently this division is of utmost importance.
 
Can you discuss about the increasing importance of SEZs in country’s export market?
India’s exports have registered a growth of 26.8 per cent during November 2010, at US $ 18.9 billion.   During the period April-November 2010, exports have reached a level of US $ 140.3 billion at a growth of 26.7 per cent while the imports were US $ 222 billion with a growth of 24 per cent and a trade deficit of US $ 81 billion.  India’s imports in November 2010 were US $ 27.8 billion, up by 11.2 per cent. During April-November 2010, the sectors such as engineering, gems & jewellery, petroleum and its products, leather & leather products, carpet, plastics & linoleum, cotton yarn, chemicals etc. have performed well.
 
An export target of US$ 200 billion has been set for the year 2010-11.
With the present growth trend, we are on course to achieve the export target for 2010-11.  There has been minor improvement in the GDP Growth rate of US, one of our major export destinations.  IMF has also projected a growth rate of 3.3 per cent in GDP in 2010 and 2.9 per cent in 2011 for US in comparison to the negative growth in 2009.
 
Thus, with the growth in export market, we see tremendous opportunities for SEZ business.
 
Special Economical Zone (SEZ) – Coimbatore
Project Site: Village Karumatthampatty, Dist. Coimbatore, Tamil Nadu
Project Type: Green Field
Plot Area: 374.49 Acres
Process Area: 291.27 Acres
Non-process Area: 83.22 Acres
Project Duration: 15 Months
Project Closure: Commissioned – August 2008
 
Special Economical Zone (SEZ) – Coimbatore
Salient Features:
•      Earth work excavation and filling in ordinary soil:  9,70,000 m3
•      Earth work excavation in hard rock: 2, 00,000 m3
•      Concreting works: 10,800 m3 
•      Steel Reinforcements: 1100 MT
•      Structural steel: 10 MT
•      Road work: 11.00 km
 
Key Services Offered by Synefra:
•     Pre-feasibility study and project viability
•     Government approval and processes
•     Design & Engineering Management
•     Procurement Management
•     Construction Management
•     Marketing Management
•     Facility and Maintenance Services

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