Press Release Details

The projected investment is ₹2.25 crore, and the expected net foreign exchange earnings is ₹32 crore over five years and creation of 77 new jobs.

The 8th Unit Approval Committee of the Madras Export Processing Zone (MEPZ) SEZ has approved BNT Marine Crafts (India) Pvt. Ltd to convert its Domestic Tariff Area unit in Abishegakuppam, Puducherry, into a 100 per cent Export Oriented Unit (EOU) - marking the first-ever marine sector EOU under MEPZ’s jurisdiction. The unit will manufacture semi-submarines, tourist vessels, commercial and premium vessels. The projected investment is ₹2.25 crore, and the expected net foreign exchange earnings is ₹32 crore over five years and creation of 77 new jobs. This fiscal, MEPZ SEZ has attracted ₹155 crore in investments and generated 6,666 jobs, the release said.