Micro Industrial estate coming up at Thirumazhisai: Rural Industries Minister
Steps have been taken for establishing industrial estates close to Avinashi Road and Tiruchi road to house 600 industrial units.
Jun 07, 2013
Source : The Hindu Business Line

He said efforts were also on to form two industrial estates near Coimbatore to house 600 industrial units.

Inaugurating the 14th International Industrial Trade Fair Coimbatore (INTEC 2013) here on Thursday, he said in the past industrial estates were formed without even making the necessary land acquisition. But now the Chief Minister J. Jayalalithaa has ordered that land should be selected at the time of formation of industrial estates and has ordered the creation of a land bank of 2000 acres to facilitate the establishment of industrial estates.

The Minister said with a view to pay special attention to the needs of the micro enterprises, the process of establishing a multi storied industrial estate at Thirumazhisai near Chennai for micro industries has been initiated at a cost of Rs 20 crore.

He said in Coimbatore also, steps have been taken for establishing industrial estates close to Avinashi Road and Tiruchi road to house 600 industrial units.

He said in Tamil Nadu, the cumulative investment made by the MSME sector exceeded Rs 48,000 crore and the nearly 8.44 lakh registered units employed more than 58 lakh workers. He claimed that though there was economic slowdown globally, because of the steps taken by the Chief Minister, the industrial and services sectors in the state were working well.

Mohan said responding to the pleas made by industry associations, the Chief Minister had recently announced reliefs amounting to about Rs 97 crore. He said because of the boost given to the MSMEs by the State Government, exports have reached Rs 20,000 crore.

S. M. Velusamy, Mayor of Coimbatore Corporation, pointing out how the Technology Upgradation Fund scheme (TUF) benefited the textile industries, wanted a similar scheme to assist the MSMEs.

Pollachi V. Jayaraman, Deputy Speaker of Tamil Nadu Assembly, suggested Codissia to take steps for the establishment of an engineering college and a polytechnic college to meet the needs for qualified technical manpower to run the industries in the region.

S.Damodaran, Minister for Agriculture, Tamil Nadu, said faced with acute labour shortage, mechanisation of farm operations had become a necessity and the State Government has allotted about Rs 124 crore to supply farm implements at subsidised rates. He urged the industries in the region to utilise this opportunity to manufacture innovative farm implements that would make farm operations less labour intensive.

K.Dhanavel, Principal Secretary, MSME, Government of Tamil Nadu, said the Micro, Small and Medium Enterprises (MSMEs) accounted for 10 per cent of the Gross State Domestic Product (GSDP). The Chief Minister had recently unveiled a 10-point scheme for the development of the MSME sector under which capital subsidy has been raised from 15 per cent to 25 per cent. If entrepreneurs came together to form industrial estates outside cities and re-located their units from within the cities, the Government would offer a subsidy of up to 75 per cent of the cost of the estate formation or up to Rs 15 crore.

P. Udayakumar, Director, Planning and Marketing, NSIC, New Delhi, urged the MSME sector to capitalise on the decision of the Centre making purchase of the needs of PSUs and Government departments up to certain limit from MSMEs mandatory.

Others who spoke included M. Karunakaran, Coimbatore District Collector, R.Ramachandran, President, Codissia and D.Gandhikumar, Chairman, INTEC 2013.


Latest Realty News

Realty regulatory bill should cover all stakeholders: CREDAI
Jun 07, 2013
DELHI: The bill to regulate real estate sector should cover the authorities responsible for giving approvals for projects, besides developers community, realtors' body CREDAI said today.
Rs 1.2-cr cars seized from city builder
Jun 07, 2013
BHUBANESWAR: Like chit fund bosses AT Group CMD Pradip Sethi and Seashore Group CMD Prashant Das, the real estate developers Umamani Home Creations (UHC) managing director Narayan Chandra Nayak also maintained a lavish lifestyle by duping investors, who paid money to him to get promised plots of land in the capital city.
MCG to allow division of plots less than 1,000sqm
Jun 07, 2013
DELHI: The city municipal corporation has sent a proposal to the state authorities asking them to allow sub-division of plots measuring less than 1,000 square metres at a nominal fee. At present, owners whose plot is lass than 1,000 square metres cannot further divide it.
Godrej Properties launches 5th phase of residential project in Kolkata
Jun 07, 2013
KOLKATA: The real estate developer opens bookings in a new 19 storey tower at Godrej Prakriti. Godrej Properties Ltd. (GPL) (BSE: GODREJPRP), the real estate development arm of the Godrej Group, today announced the launch of Phase 5 of its residential project in Kolkata – Godrej Prakriti. The new tower, standing 19 floors tall, will offer 3 BHK modern apartments measuring between 1,100 sq. ft. and 1,400 sq. ft.
Alchemist buys 20 acres for residential development
Jun 07, 2013
KOLKATA: Alchemist Township India Limited, a Delhi-based real estate developer, has bought 20 acres of prime land in the Aerotropolis being developed by Bengal Aerotropolis Projects Ltd (BAPL) at Durgapur, 180 kilometres from Kolkata. Leading international property consultants Jones Lang LaSalle India were the transaction mediators for this deal, which is West Bengal’s largest land transaction in 2013 to date.
Many notch up multiple wins in Mhada flat lottery
Jun 07, 2013
MUMBAI: Yet again, the annual Mhada housing lottery has thrown up at least 20 individuals and families who have won multiple flats. This is the fifth year in a row that TOI has spotted this trend.
Realtor funded Odia films
Jun 07, 2013
BHUBANESWAR: Builder Narayan Chandra Nayak, arrested by the Crime Branch on Wednesday in connection with fraudulent land deals to the tune of Rs 50 crore, was taken on two-day remand by police.
Real Estate Regulatory Bill may become breeding ground of corruption, says CREDAI chairman
Jun 06, 2013
MUMBAI: Stating that the Real Estate Regulatory Bill approved by the Union Cabinet seeks to whip only errant developers, realtors apex body CREDAI Chairman Mr. Lalit Kumar Jain has expressed fear that it could encourage corruption instead of curtailing the social menace.
A regulator to ease your concerns
Jun 06, 2013
MUMBAI: Real estate buyers probably did not have too many options but to seek redressal of their grievances through consumer forums. Even then, buyer agreements were always favourably tilted towards the developer and often against a buyer's interest. Now with the Cabinet clearing the Real Estate (Regulation and Development) Bill, not only will builders' disclosures and transparency on projects increase, it will also allay buyers' fears and concerns, and speedily redress grievances.
The Real Estate Bill only adds to the confusion
Jun 06, 2013
MUMBAI: If anything, the Real Estate (Regulation and Development) Bill is only going to add to the confusion existing in the sector. In any real estate project, there are three principal stakeholders -– developer, consumer and the authorities. The bill has been designed to empower the authorities further. There is little in it for the consumer, as for the developer, his project completion time has just got longer.

Latest Realty News Of State

Realty Talk's