About Madras Export Processing Zone in , Chennai

Name: Madras Export Processing Zone
Address: , Chennai, India -, Chennai, India

Madras Export Processing Zone is a special economic zone in Chennai, India. It is one of the seven export processing zones in the country set up by the central government. It was established in 1984 to promote foreign direct investment, enhance foreign exchange earnings, and create greater employment opportunities in the region.LocationMadras Export Processing Zone is located on GST Road in Tambaram. It is located 6 km south of Chennai International Airport.HistoryMEPZ was started in 1984 as an initiative of the Ministry of Commerce and Industry with an investment of 6716.7 million. On 1 January 2003, the zone was converted into a special economic zone (SEZ) with an added objective of facilitating exports through reduction of transaction costs. To facilitate this, the Ministry of Commerce and Industries introduced special features such as offshore banking units and container freight stations to be set up within the zone, in addition to liberalised customs procedures.In March 2013, an additional exit and entry point for heavy vehicles arriving at and leaving the MEPZ–SEZ was opened.AdministrationThe zone is under the administrative control of the Ministry of Commerce and Industries and caters to the needs of units within the SEZ, in addition to monitoring the functions of 100-percent export-oriented units located in Tamil Nadu, Pondicherry, and Andaman & Nicobar Islands. The zone is headed by a development commissioner.

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