It is expected to house automobile, engineering component makers
It will come up on 265 acres
PERUNDURAI: Industry and business, and the local economy in general, in Erode and nearby areas have great news: the Union Government is about to approve the setting up of a special economic zone (SEZ) at the SIPCOT industrial complex here. According to informed sources at SIPCOT here, the government has formally approved the setting up of the SEZ. It will come up on 265 acres in the northern and northeastern part of the industrial estate. A formal notification is awaited. The total parcel is expected to be developed as plots of 5 acres, 3 acres, 2 acres and 1 acre. The area will be fenced. Roads and street lighting will be provided. Water supply will be extended.
The SEZ is expected to house units that make automobile and engineering components. There will be other engineering units handling non-hazardous activities.
The SIPCOT sources said that even before the formal notification of the SEZ, enquiries from industrial units in Chennai and Erode had come in. In the larger SIPCOT estate area, only 290 acres of the 2,600 acres remain unoccupied. The sources say the number of enquiries is growing by the day. Many of the enquiries have progressed to the stage of setting up new units. The industrial estate has textile processing houses, tanneries, plastic industries and knitwear houses, among other units. Asked about the possible impact of the SEZ on the economy of the region, M.P.A. Mahalingam, secretary of the SIPCOT industries’ association, said it would result in further growth of the region. “We will have more small scale industries, catering to the needs of the industries in the SEZ.”
More industries, he says, means more employment nad more purchasing power, resulting in the overall growth of Perundurai in particular and Erode district in general.
R. Mylsami, vice-president, Erode District Small Industries Association, says it is a welcome sign. “More industries means more opportunities for engineering graduates from traditional branches, who will stand to gain a lot,” he says.