Staff Reporter

'Nod for starting agro-based units given by high-level panel'

Hosur: Roads have been laid in the SIDCO industrial estate in Hosur under the Integrated Infrastrucutural Development scheme at an outlay of Rs. 62 lakhs.

Of this, the Central and State Governments gave a sum of Rs. 47.84 lakhs as subsidy and the remaining was contribution from private entrepreneurs in SIDCO, said Minister for Information and Publicity and Local Administration K.P. Anbazhagan at a function here on Saturday.

He said that a high-level committee of the State Government had given the nod for starting 1,048 new projects pertaining to agro-based and food preservation industries under the New Anna Marumalarchi Thittam (NAMT) in all the 385 panchayat unions in the State at an outlay of Rs. 688.33 crores.

Subsidy

The Government had allotted capital subsidy to the tune of Rs. 539 lakhs, low-tension power subsidy worth Rs. 650 lakhs and power factor subsidy at Rs. 10.80 lakhs to small-scale units established under the scheme till March 31, 2005.

A total of 4,972 industrial plots had been developed through SIDCO in the past four years. In addition, 4,222 industrial sheds were constructed and 41 industrial estates were upgraded during the period. A total of 1,080 industrial plots had been set up in seven industrial estates in the State from 2001 to 2005.

Along with this, 1,841 small industrial sheds ranging from 200 to 600 sq.feet were also constructed. A total of 48,408 mt of raw materials worth Rs. 129.17 crores were exported through SIDCO in the past four years, Mr. Anbazhagan added.

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