Bangalore-based GMR Group is planning to re-design and revive its plans to set up a special economic zone (SEZ) in Tamil Nadu. However, instead of working on the information technology (IT) and IT-enabled Services (ITeS)-based SEZ that was decided earlier, the company has now changed its plans to build a solar energy-based manufacturing zone.

“It was designed for IT and ITeS industries, but as convulsions hit the IT industry, we are re-designing the whole business plan for the SEZ to make it favourable for solar-based industries like manufacturing of solar photovoltaic based cells and solar films. These are the new-age industries,” GMR chief financial officer A Subba Rao told Business Standard.

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