After withdrawal of tax sops, they have ceased to be a success story for manufacturers Sriperumbudur in Tamil Nadu has been a nursery of sorts for the Special Economic Zones ( SEZs) in India. More multinational companies have set up their manufacturing base in and around these zones in Sriperumbudur, about 40 km south of Chennai, than in any other place in the country. In a way, this town was the country’s first brush with Make in India. Ironically, Sriperumbudur has also seen more companies shutting down than in any other place. The first big name to shut shop was Motorola. That was a beginning. Nokia followed suit. So did Siemens, Ericsson, Foxconn ( in its first India foray) and Flextronics. “The sentiment died out over the last four years. There wasn’t just one reason but it all summed up as complaints about the tough Indian regulatory regime,” says RSridhar, partner with Leapridge Advisers, a boutique chartered accountancy firm that walked with quite a few of these compa