Sri Lankan textile and apparel group MAS Holdings has signed a deal with the Andhra Pradesh state government for a textile special economic zone (SEZ) in Nellore district.

The US$200m park, expected to be 750-acres-big, is expected to open up 30,000 direct jobs and 45,000 indirect jobs. 

Its developers are also eyeing export revenues of $500m from the venture over the next five years.