The Union Government has notified two new Special Economic Zones (SEZs) in Puducherry to boost investment, exports and employment.
An Information Technology/Information Technology Enabled Services (IT/ITES) SEZ will be developed by Oulgaret Municipality at Thattanchavady with an investment of ₹725 crore.
It will be the first SEZ in India developed by an Urban Local Body (municipality) and is expected to create about 3,500 jobs.
A Multi-Sector SEZ will be developed by Pondicherry Industrial Promotion Development and Investment Corporation (PIPDIC) at Karasur village with an investment of ₹1,250 crore.
The projects aim to strengthen industrial growth, manufacturing and export-led development in the Tamil Nadu–Andaman and Puducherry (TAP) region.