Tamil Nadu

Tiruchi an ideal destination for investment: Nehru

K.N. Nehru, State Transport Minister installing to S. Selvaraj, new Chairman of Builders Association of India, Tiruchi Center in Tiruchi on Sunday.Photo: R.M. Rajarathinam   | Photo Credit: R_M_RAJARATHINAM

Tiruchi with its advantages of reasonable land costs and perennial water supply is the ideal destination for builders to make huge investments. With land costs spiralling in Chennai, Coimbatore and Madurai, builders were facing limitations there, the State Transport Minister K.N. Nehru said on Sunday.

IT companies prefer Tiruchi next only to Chennai. The profile of Tiruchi as an investment destination has enhanced owing to this factor and the sanction of IIM, Mr. Nehru pointed out, addressing a function organised by the Builders’ Association of India (BAI), Tiruchi Centre, to mark the installation of its new team of office-bearers for 2010-11.

Promising the support of the State Government to control the “unreasonable” rise in the cost of cement due to cartelisation, he urged the BAI to take a collective and forceful initiative at the State level in this regard. There was no reason why the cost of cement for which the raw materials were available locally should witness rapid fluctuations, he observed.

Mr. Nehru promised to provide land to the BAI, Tiruchi Centre, in the 20-acre site to be identified for setting up a permanent trade centre as in Coimbatore, for creating training facilities. He apprehended resistance from Chennai Metropolitan Development Authority to the idea of establishment of independent authorities for plan approval in the cities of Madurai, Coimbatore and Tiruchi, but was confident that the government will be able to iron out the impediments.

The Guest of Honour S. Regupathy, former Union Minister and Founder of Karpaga Vinayaga Educational Trust emphasised on the need for sustaining the country’s unique cultural facets in building designs. Heritage buildings should be preserved with the support of Central and State governments. Mr. Regupathy said the BAI had a vital role to play in enhancing quality of buildings.

The State Chairman of BAI (Tamil Nadu and Puducherry) K. Viswanathan said he hoped the membership in Tiruchi Centre will increase from 438 to 500 during this year, and suggested seminars and workshops to be conducted periodically to keep the members abreast with the latest technology. Referring to the establishment of a School of Construction Artisans at a college in Coimbatore for skill orientation to labourers, Mr. Viswanathan wanted the Tiruchi Centre to follow suit to address manpower shortage.

In his address, the new Chairman of BAI, Tiruchi Centre S. Selvaraj said the Centre will strive for containing the cost of building materials, getting an independent regulatory authority for plan approvals established in Tiruchi, increasing membership of the Tiruchi Centre, and accelerating training programs.

M.V.G. Jawagar, outgoing Secretary, presented a report on the activities of the BAI, Tiruchi Centre, during 2009-10. Earlier, V. Manjunath, outgoing Chairman, welcomed the gathering.

Recommended for you
This article is closed for comments.
Please Email the Editor

Printable version | Oct 1, 2020 10:06:16 PM | https://www.thehindu.com/news/national/tamil-nadu/Tiruchi-an-ideal-destination-for-investment-Nehru/article16372898.ece

Next Story