Government establishing ways to help Industries in TN
Industrial estates are areas designated for Industrial development by the government. Usually the Government facilitates the industries allotting lands and regulating the development. But soon private firms are set up in various part of the state of Tamil Nadu will develop Industrial estates. The Government has proposed a model in which a group of 20 or more industries in MSME sector can apply to establish an Industrial estate or shift from an existing estate owing to different problems and constraints to this estate with help of the Government.
Establishing Industrial estates:
MSME sector ( Micro, Small and Medium enterprises) sector has proposed to make for such establishments till now according to Government officials. If the group of Industry wants to establish an Industrial estate the Government is ready to provide about 50% of the cost up to 10 crores of ceiling cost. If the Industry wishes to move from the interior of the city to outskirts of the city the Government is ready to provide about 75% of the cost up to a ceiling cost of 15 crores. At present the Government has funded 13 crores of the 14 crores needed to establish an Industrial estate in Namakkal.
Promoting small scale industries:
In addition the Government accepted the demand of the industries which has been pending for a long time now about allocating 20% of the land which is available with State Industries Promotion Corporation of Tamil Nadu (SIPCOT) to Tamil Nadu Small Industries Development Corporation Limited (TANSIDCO). Former is responsible for developing estate large industries while the latter is responsible for small scale enterprises. Four places under SIPCOT was identified to possess excess free land in this manner was in Industrial estates of Gangaikondan (Tirunelveli) and Perundurai (Erode). The transfer will be on cost sharing basis with SIPCOT paying the initial payment. TANSIDCO has developed 59 industries till now from the year of its establishment 1970 and has 93 industries in its control at the present. These transfer help the small scale industries to be located near the large scale industries more specifically the small scale industries which provide supplies to the large scales ones.
All these developments will affect the real estate growth mainly in the suburbs in search of residential buildings in the closeby proximity for the employers.
