Govt notifies two new Special Economic Zones (SEZs) in Puducherry

Published : May 29, 2026, 07:01 PM IST
Ministry of Commerce and Industry logo (Image/Commerce Ministry)

Synopsis

The government has approved two new SEZs in Puducherry to boost industrial growth and exports. One, an IT/ITES SEZ, will be the first in India developed by a municipal body. The other is a multi-sector SEZ to be developed by PIPDIC.

The Government has notified two new Special Economic Zones (SEZs) in the Union Territory of Puducherry after approval by the Board of Approval for SEZs under the Department of Commerce during its 137th meeting held on 27 February 2026.

The move is aimed at strengthening India's industrial base, expanding exports, and supporting investment, manufacturing, and employment generation in the region. According to the Ministry of Commerce & Industry, "The projects mark a decisive step in the Government's continued push towards strengthening the country's industrial base, expanding exports, and deepening self-reliance in strategic sectors."

Details of the New SEZs

Out of the two SEZs, one IT/ITES SEZ will be developed by M/s Oulgaret Municipality at Thattanchavady village in Oulgaret Taluk, making it the first SEZ in India to be developed by a municipal body.

The second is a Multi-Sector SEZ, which will be developed by M/s Pondicherry Industrial Promotion Development and Investment Corporation (PIPDIC) at Karasur village in Villianur Taluk.

Strategic Impact on Investment and Employment

The government said the approvals are expected to strengthen Puducherry's industrial and export-led growth strategy and create new opportunities for investment and employment. It added that these SEZs "are expected to expand opportunities for investment, manufacturing, and high-quality employment."

The development is also seen as part of a broader strategy to boost the Tamil Nadu, Andaman & Puducherry (TAP) region's industrial ecosystem, where diversified sectors are contributing to regional economic growth.

The ministry further noted that "These SEZ notifications reflect a broader strategy aimed at strengthening India's industrial, technology, manufacturing, and services ecosystem through diversified SEZ-led growth, thereby enhancing resilience and scale to boost the economy, attract investment, and generate employment."

(Except for the headline, this story has not been edited by Asianet Newsable English staff and is published from a syndicated feed.)

PREV

Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.

 

Recommended Stories

NSE sees all-time high turnover despite benchmark indices closing low
Indian markets bleed: Sensex, Nifty plunge on weak monsoon, global cues