In a significant boost to the industrial ecosystem of coastal Andhra Pradesh, Kakinada SEZ Limited (KSEZ) has signed a Memorandum of Understanding (MoU) with Gujarat-based DACL Fine Chem, for establishing a state-of-the-art specialty chemicals manufacturing facility with a proposed investment of ₹500 crore.
The project will be developed on 50 acres within Kakinada SEZ and will manufacture high-value specialty chemicals catering to both domestic and international markets. The investment is expected to generate substantial direct and indirect employment opportunities while strengthening the region’s manufacturing base.
The MoU was signed by Ram Reddy Ojili, Managing Director & CEO, Kakinada SEZ Limited, and Amit Mehta, Chairman, DACL Fine Chem Limited, in the presence of senior officials from both organizations on Monday.
Welcoming DACL Fine Chem Limited to Kakinada SEZ, Ram Reddy Ojili said the investment reflects the growing confidence of leading manufacturing companies in KSEZ’s world-class infrastructure, strategic location, and integrated industrial ecosystem. He expressed confidence that the project would further position Kakinada as a preferred destination for specialty chemicals and advanced manufacturing industries.
