The first exclusive marine product Special Economic Zone (SEZ) on the east coast hit a dead end with officials of the Kochi-based central undertaking Marine Products Export Development Authority (MPEDA) raising objections to the site identified by the state government at Kara Agraharam near Machilipatnam.
The SEZ project was cleared this January by the National Fisheries Development Board (NFDB) at its meeting at
Recently, MPEDA officials rejected the site of 260 acres identified by the fisheries department saying the area was prone to vagaries of nature and was under constant threat from cyclonic storms.
Highly-placed sources in the government said that the since most of marine exporters were based in and around
The marine authority had appointed Infrastructure Leasing and Financial Services Limited (ILFS) as its consultant to study the feasibility of the SEZ at Machilipatnam and based on its recommendations, the former approved the project. The SEZ, a joint venture between the state government and MPEDA, had the potential of generating 10,000 jobs in the district. Official sources said that MPEDA officials showed interest in another site of 450 acre near Pamarru, 25 km from Machilipatnam in
Later, the government identified alternative sites in