Hetero, Aurobindo to anchor Hyd's Green SEZ

Hetero Drugs and Aurobindo Pharma will be the anchor clients at the drugs and formulations special economic zone (SEZ) planned at the Green Industrial Park at Jedcherla near Hyderabad.

"We will be signing the memorandum of understanding (MoU) with the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) shortly," B Pardhasaradhi Reddy, chairman of Hetero Drugs, said.

The two companies will be investing a total of about Rs 200 crore initially in developing 240 acres of land.

An area of 960 acres of land has been acquired at Jedcherla, which is about 70-km from Hyderabad for development of a Green Industrial Park.

"The park will focus on green technologies and a formulation SEZ has been proposed in about 300 acres of land. The focus is on attracting industries from non-renewable energy sectors and industries adopting cleaner production methods," BP Acharya, vice chairman and managing director, APIIC, said.

APIIC has also created an annual fund of Rs 50 crore to take up studies and ascertain remedial action for environment management. It has entered into an MoU with GTZ, a Germany-based enterprise for development of environment management plan.