Three lakh square feet of built-up area and vacant plots in an extent of 22 acres are ready for allotment to eligible entrepreneurs for setting up industrial units at the Visakhapatnam Special Economic Zone (VSEZ) at Duvvada. At present, the SEZ has four standard design factories with a total built-up area of 6 lakh sft and nine industrial sheds spreading over 90,000 sft and 18 trading sheds of 18,000 sft. Incentives galoreThe zone generates 0.85 MW solar power and the Greater Visakhapatnam Municipal Corporation (GVMC) is taking care of the water requirement of various units. The VSEZ charges ₹1,200 per square meter for ready-built area and ₹150 per square meter for developed plots. The facilities are allotted only to eligible applicants subject to fulfilling the guidelines prescribed by the ministry, Mr. Reddy said.

Source: The Hindu July 24, 2019 18:55 UTC