After the Global Investors Meet held in Chennai recently, the industries here hope the Government will introduce measures for ease of doing business. .
The single window system for clearances, investments in infrastructure, and development of industrial corridors in the State are expected to benefit the industries in Coimbatore too.
District Industries Centre General Manager S. Asokan said that even now, the DIC was helping applicants get the required approvals and benefit from the Government schemes. It will now follow up and assist those who have signed a Memorandum of Understanding (MoU) with the DIC. It is also expecting instructions from the Government on other steps that need to be taken to facilitate investment for these units.
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Coimbatore is a hub for foundries, fabrication units and machine shop works. Hence, even if major investments happen in other parts of the State, the industries here will have opportunities to supply ancillaries and do job work, says president of Coimbatore District Small Industries’ Association E.K. Ponnuswamy.
While industrial corridors (Bangalore-Chennai and Madurai-Thoothukudi) will be developed, infrastructure such as air connectivity and roads should be developed in the western region for major investments to happen here.
With regard to the textile sector, nearly Rs. 5,000 crore investment is expected in the State in the next two years and these will be mainly for value addition. The Southern India Mills’ Association has signed two agreements at the Investors Meet – one to develop a textile processing park at Cuddalore and another for a processing park in Ramanathapuram district. Several textile units have already started investing and they will complete their projects soon.
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A.V. Varadharajan, Managing Director of CODISSIA Industrial Park, says Rs. 2500 crore to Rs. 3000 crore investment is expected for two parks that will be developed here. CODISSIA had signed MoU with the Government for these parks that will have about 380 units. “These are fresh investments and will create more employment,” he says.
J. James, president of the Tamilnadu Cottage and Tiny Enterprises Association, said that Coimbatore needs the investment of some large-scale industries. “When there are investments in other parts of the State, the industries can outsource from cities such as Ahmedabad or Rajkot. Only when there is an investment in Coimbatore, will the micro units get more orders,” he said.