Deputy Chief Minister M.K. Stalin will inaugurate a modern bus stand constructed at a cost of Rs. 11 crore here on Sunday.
People here have high hopes of the municipality, just 40 km away from Bangalore, becoming a corporation. Hosur is touted as the next “dream destination” of major companies.
Hosur has a more than three-decade old industrial zone that houses TVS Motors, Ashok Leyland, Titan Industries, Carborandum Universal and Hindustan Lever besides 2,000-odd tiny, small, medium and large-scale industrial units.
Realising the potential of Hosur, the Tamil Nadu government has declared it a tier-II IT city. It has announced the setting up of a Tidel Park by ELCOT; a 3,000-acre SEZ for IT, hardware and precision instruments; and allocation of land to Bangalore-based IT companies to establish their campuses at Hosur.
Most of these projects are proposed to be developed through private-public partnership.
The pace of the unplanned growth of the town necessitated the government to establish the Hosur New Town Development Authority under the chairmanship of the District Collector, ten years ago.
Thousands of employees working in the industries in SIPCOT are residing in Hosur town, but their share of professional tax went to Jhujhuwadi and Mookandapalli panchayats because the two SIPCOTs are situated under their control. The two panchayats are getting their share of professional tax but the burden of providing basic facilities lies with the Hosur Municipality, as more than 90 per cent of the employees are residing in the town.
