Press Release

SEQUEL LOGISTICS sets up India’s largest bullion FTWZ vault at MEPZ, Chennai

By admin
February 15, 2025

SEQUEL LOGISTICS, India’s leading precious logistics company, sets up its third and largest FTWZ (Free Trade Warehousing Zone) bullion vault at MEPZ (Madras Export Processing Zone), Tambaram. After establishing the first FTWZ and IIBX vault at GIFT IFSC, Gandhinagar, Gujarat, SEQUEL has now set up its largest FTWZ vault at MEPZ, Chennai.

MEPZ-Tambaram is strategically located within 8 kms from the Chennai International Airport and 24 kms from the Chennai (Sea) Port. This provides SEQUEL with the best connectivity from across the world, with secure and shortest route from the Port to the FTWZ and hence ideal for both Air and Sea consignments.

Located in the largest jewelry consuming region of South India, Chennai city has excellent direct Air & Road connectivity to all the major consuming markets in India, ensuring that SEQUEL’s FTWZ is able to service the market requirements within a day.

L to R: Mr Alex Paul Menon ,IAS, Development Commissioner, Mr C. Arthur Worchuiyo, IAS, Joint Development Commissioner, Mr. T Nedoumaran, IRS, Deputy Commissioner, Customs, Mrs Kamana J., Sequel Logistics, inaugurating the Sequel Vault.

Speaking at the inauguration, Mr. Alex Paul Menon, IAS, Development Commissioner, MEPZ, said, “We are delighted to welcome SEQUEL Logistics to MEPZ with the establishment of India’s largest bullion FTWZ vault. This facility reinforces MEPZ’s commitment to fostering a world-class business ecosystem that supports high-value industries with best-in-class infrastructure and seamless logistics. The strategic location of MEPZ, coupled with our robust regulatory framework, makes it an ideal hub for global and domestic trade. We look forward to SEQUEL’s contributions in strengthening India’s position
as a leader in the precious commodities sector.”

Mr Rajkumar S, Founder & MD, Sequel Logistics said, “SEQUEL’s FTWZ at MEPZ-Chennai is truly a game changer, especially where speed and security are paramount in the Precious Commodity industry. This Sequel’s 37,000 sq ft. facility at MEPZ-Chennai makes it one of the largest & safest Bullion vaults in India, at par with the best Vaults in the world. MEPZ’s highly efficient, compliant and process driven approach, guided by its strong leadership, makes MEPZ the best place to do business. We at SEQUEL are extremely happy to offer this world-class, super-efficient service facility, to the Precious Commodity / Bullion fraternity in India and across the world.”

About MEPZ SEZ: Established in 1984, MEPZ Special Economic Zone (SEZ) is a pivotal hub for industrial growth and export promotion in the Tamil Nadu, Andamans, and Puducherry (TAP) region. Home to 62 SEZs and over 300 Export Oriented Units (EOUs), MEPZ SEZ’s total exports account for nearly one-third of Tamil Nadu’s total exports, solidifying its position as a key player in India’s trade landscape. It holds the second-largest export revenue among the seven SEZ Zones from the IT/ITES sector. Reflecting its strong commitment to the manufacturing sector, 23 SEZs cater to industries such as Automotive, Engineering,
Pharma, Biotech, Gems & Jewellery, Textiles, and Footwear.

In the financial year 2023-24, TAP (Tamil Nadu, Andaman and Puducherry) Region recorded an impressive export revenue of ₹1,82,000 crores while generating employment for over 7,25,000 individuals. MEPZ Tambaram SEZ posted an exports revenue of ₹6428 crores generating an employment for 28674 people. By fostering a dynamic and competitive business ecosystem, MEPZ SEZ continues to be a preferred investment destination, accelerating industrial growth, innovation, and global trade in the region.