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“SRI CITY: Aspiring To Become India's First Carbon-neutral Manufacturing Hub"

BW Businessworld

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November 16, 2024

RAVINDRA SANNAREDDY, Founder Managing Director of Sri City talks about Sri City, its inception, its contribution and the road ahead

- Tarannum Manjul

“SRI CITY: Aspiring To Become India's First Carbon-neutral Manufacturing Hub"

What inspired you to establish Sri City, and how has the vision evolved since its inception?

In the early 2000s, while residing in the United States, I recognised that India’s economic potential was hindered by its inadequate infrastructure, despite the country’s many advantages. This realisation led me to conceptualise ‘Sri City’ as a solution to attract foreign investment, particularly in manufacturing.

Drawing inspiration from successful industrial zones in China and Singapore, I envisioned an integrated urban centre offering world-class infrastructure and a high quality of life. The goal was to create a self-contained environment where people could work, live, learn, and enjoy leisure activities.

The Indian government’s Special Economic Zone Act of 2005 provided a favourable regulatory framework. However, my ambition extended beyond creating just an SEZ; I aimed to develop a complementary city to Chennai, similar to Hosur’s relationship with Bangalore.

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यह कहानी BW Businessworld के November 16, 2024 संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 9,500 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

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