His Excellency, Mr. Axel Saurer, Acting Consul General, Consulate General of the Federal Republic of Germany, today visited Sri City, India’s first integrated Business City with a Special Economic Zone (SEZ), Domestic Tariff Zone (DTZ) and a Free Trade Warehousing Zone (FTWZ). He toured the 6000+ acres expanse and witnessed the on-ground infrastructural developments. He also visited the various manufacturing facilities located in Sri City.
Commenting on this occasion, His Excellency, Mr. Axel Saurer said, “Sri City is an exciting idea, a vision that will certainly benefit not only the companies that are locating here, but also the area and people living in Southern AP. I am confident that in time, German companies will be flying their flags here. “
Mr. Ravindra Sannareddy, Co-founder and Managing Director, Sri City, said: “Sri City has been on an exciting growth phase and has experienced a brisk pace of development since 2008. Our company has attracted over 34 companies so far from 11 countries across the globe.”
“We, at Sri City, pride ourselves in providing world-class infrastructure and ensuring hassle-free operations to all our customers. Our unique concept of country-specific enclaves complete with all amenities has been received well by our customers,” he added.
Sri City is an emerging world-class Business City located 55-kms from Chennai. Spread over 6,000+ acres, it has the distinction of being the largest private sector multi-product Special Economic Zone (SEZ) in South India with a Domestic Tariff Zone (DTZ) and a Free Trade & Warehousing Zone (FTWZ) built in functional partnership with the Government of Andhra Pradesh. Strategically located, Sri City offers the distinct advantage of well-established connectivity by rail, and road with proximity to three seaports and two airports.
Sri City is an integrated development of a world-class business city with lifestyle facilities. Well-demarcated industrial zones within the SEZ and DTZ include automotive, engineering, logistics & warehousing, aerospace, electronics, biotech/pharma and IT/BPO, renewable energy and other eco-friendly industries.
The trading zone (FTWZ) will primarily cater to companies trading in imports and re-exports, packaging, storage and distribution in the local markets. Residential areas, commercial hubs, world-class healthcare, educational institutions, recreation centres and all necessary amenities will support the industrial zones at Sri City making it a truly integrated development for business and lifestyle.
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