CITD team holds interaction with industrialists
Tool room to function as common facility centre
KOCHI: The Central Institute of Tool Design (CITD), Hyderabad, is weighing the idea of a mini tool room here with a view to assisting micro, small and medium enterprises (MSMEs) in design, development and manufacture of critical tools and components.
The tool room, the feasibility of which is being looked into by the CITD, is expected to serve the existing and new needs of Kochi.
Projects like the International Container Transshipment Terminal and the LNG receiving and re-gasification facility will see the emergence of hundreds of engineering units that will need precision tools.
A senior official of the State Industries Department said the team from Hyderabad interacted with industrialists and tool-room owners here on Tuesday to get first-hand information of the existing needs in Kochi. The CITD team was led by Principal Director Sujayath Khan.
Ernakulam District Industries Centre Manager Sebastian Pothenpally, Industries Office Assistant Director K. J. Peter, Kerala State Small Industries’ Association (KSSIA) district president France Mundadan, KSSIA secretary P.H. Baharuddin Haji and Jacob Raju, coordinator for the proposed tool room, were among those interacted with the industrialists.
The proposed tool room is also being projected as a common facility centre where MSMEs would be able to access latest technologies.
The number and sophistication of the existing tooling units are not enough to serve a location like Kochi, sources in the Industries Department said. At the same time, setting up a state-of-the-art unit would require heavy investments and government participation would be the right incentive for such a venture, they said.
Three models had been mooted for the tool room. They are: a joint venture between the Union Government and private promoters; a joint venture between the State government and private promoters and a joint venture between the Union and State governments. In the public-private partnership (PPP) model, the funding from the government will be 40 per cent of the project cost, the upper limit of which had been put at Rs.nine crore.
The rest of the money will come from banks and financial institutions or through other arrangements.
The scheme is aimed at ‘maximisation of the availability of tooling and training services,’ the CITD team said.