Indian Farmers Fertilizer Cooperative's (IFFCO) Nellore Project Gains Fresh Momentum With Multi-Product SEZ

Business & Economy

Posted by AI on 2025-09-13 20:23:20 | Last Updated by AI on 2025-12-17 10:54:17

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arduously, Indian Farmers Fertilizer Cooperative's (IFFCO) Nellore Project is finally gaining momentum with its new brand: a Multi-Product SEZ. After acquiring 2,776 acres of land in the district to establish a gas-based urea manufacturing plant, the company is finally taking action. Previously intended as a naphtha-based ammonia urea complex in 1996, the project obtained first-level approval from the Public Investment Board of the government. However, the project was put on hold due to concerns over subsidy outflows and low international fertilizer prices. After the Special Economic Zones (SEZ) Act of 2005 was enacted, IFFCO refocused its vision and proposed the Kisan SEZ, ultimately securing approvals from both the state and central governments in 2008 to rebrand the project as the IFFCO Kisan Special Economic Zone (IKSEZ).

Although the project stalled for years due to disputes over steep land pricing and questions over allotments to non-agriculture companies, the litigation finally came to an end. Subsequently, IFFCO revived its marketing efforts and repositioned IKSEZ to attract a more diverse group of industries beyond agriculture. Currently, IKSEZ is actively courting investors from various sectors, including renewable energy, electric mobility, electronics, nanotechnology, IT/BPO, and light and heavy engineering.

Discussions are ongoing with 20 potential investors, and MoUs have been signed for bio-ethanol units. Some major players are already on board, such as Siemens Gamesa Renewable Power, Hindustan Coca-Cola Beverages (HCCB), and the ADJ Brothers. With a location, infrastructure, and renewed momentum, IKSEZ is positioning itself as a key industrial ecosystem in south India, said Nellore collector O Anand.

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