Kakinada SEZ Limited (KSEZ) has signed a Memorandum of Understanding (MoU) with Blue Ocean Biotech Pvt. Ltd. for establishing Precipitated Silica Manufacturing Facility within Kakinada SEZ, involving an investment of Rs 250 crore.
The MoU was signed by Mr. Ram Reddy Ojili, Managing Director & CEO, Kakinada SEZ Limited, and Mr. Ravikanth Mallina, Managing Director, Blue Ocean Biotech Pvt. Ltd., in the presence of senior officials from both organizations.
Blue Ocean Biotech Pvt. Ltd. will establish its Precipitated Silica Manufacturing Facility on 20 acres within Kakinada SEZ.
As per KSEZ the proposed facility will manufacture precipitated silica, a key industrial material used in the tyre, rubber, footwear, paints, coatings, and specialty chemicals sectors, catering to growing domestic and international demand while strengthening India’s specialty chemicals and advanced materials manufacturing ecosystem.
The Rs 250 crore investment further strengthens Kakinada SEZ’s appeal as a leading industrial hub and is expected to generate employment while contributing to Andhra Pradesh’s economic development, said KSEZ management.
It further added that the signing of the MoU marks another milestone in Kakinada SEZ’s ongoing efforts to attract high-value investments and build a globally competitive industrial ecosystem on India’s east coast.
