Bangalore, October 11, 2021
Rating of Industrial Parks & Zones by DPIIT puts Aequs among 13 leaders in India and among the top in South India on all parameters. Ranking validates Aequs’ ecosystems of efficiency value proposition.
Aequs SEZ Pvt. Ltd., has been ranked among the 13 best performing Special Economic Zones (SEZ)s in India by the Industrial Park Ratings System Report (IPRS), released by the Department for Promotion of Industry and Internal Trade (DPIIT).
Released last week after a stringent evaluation exercise over several months, the 2nd edition of the IPRS ranks 449 industrial parks and SEZs across the country based on stringent criteria and feedback from tenants.
Aequs SEZ, an arm of Aequs Infra, began operations in 2009 in Belagavi and is India’s first notified precision engineering SEZ for Aerospace manufacturing. Subsequently, it added toys manufacturing units to its portfolio of tenants.
More recently, Aequs kicked off India’s first toy manufacturing park, the Koppal Toys Cluster (KTC), and the Hubballi Durable Goods Cluster (HDC), which is also first in the country.
Speaking on the achievement, Mr. Aravind Melligeri, Chairman and CEO, Aequs said, “This rating by the government of India for Aequs SEZ is an endorsement of our differentiated offering based on our pioneering ecosystems of efficiency that provide an end-to-end manufacturing value stream to customers. On this occasion, I would like to thank our customers and reaffirm our commitment to deliver customer value consistently and assiduously.”
The IPRS 2.0 by DPIIT aims to enhance industrial competitiveness while attracting investments. Through the ratings, investors can gain valuable insights on industrial infrastructure across the country and make informed decisions related to investments. The report will act as guidance for policymakers on how to further enhance the current industrial ecosystem.
All state-run industrial parks and 51 SEZs, including 29 privately-run zones, participated in the IPRS 2.0. The ranking was based on inputs aggregated from responses from both developers and 5,700 tenants from all these zones.
The SEZ operators were judged on four key pillars that included internal and external infrastructure, business support services and environment, safety and sustainability. The scoring was done basis feedback received on 45 parameters under each of these pillars.
Significantly, while Aequs ranked among the top 13 Leaders at the all-India level on an aggregated score, it was consistently put among the top in South India on all these four pillars. The following are some of the significant rankings for Aequs among SEZs in South India:
- Top five SEZs in South India for internal and external infrastructure
- Top two in sector specific SEZs for internal and external infrastructure in South India
- Top five SEZs in South India for business support services
- Top five SEZs in South India for environment, safety and sustainability
Aequs is a diversified contract manufacturing company providing vertically integrated product solutions across the Aerospace, Toys and Consumer Durable Goods industries. By leveraging its manufacturing ecosystems, Aequs reliably delivers supply chain efficiencies to its global customer base. Aequs currently employs over 5,000 people and operates manufacturing facilities across India, France, and the United States.
About Aequs INFRA
Aequs Infra provides world-class infrastructure and agile industrialization for manufacturing, engineering, and IT/BT companies. The company provides state-of-art and scalable infrastructure, turnkey office spaces, built-to-suit facilities, skilled resources to help companies become globally competitive. Apart from operating the Belagavi Aerospace Cluster, the company is also developing India’s first ‘Toy Cluster’ in Koppal, Karnataka and the ‘Consumer Goods Cluster’ in Hubballi, Karnataka.
C Chitti Pantulu
Vice President, Marketing & Communication