Tamil Nadu

An ideal investment destination

The signboard inside the SIPCOT Industrial Growth Centre in Perundurai in Erode district provides easy access to the industrial units.— PHOTO: M. GOVARTHAN  

he nearly 3,000-acre SIPCOT (State Industries Promotion Corporation of Tamil Nadu Limited) Industrial Growth Centre in Perundurai, one among the largest in Tamil Nadu, has been receiving offers for investment by large industry players.

A couple of companies have approached SIPCOT authorities for sanction of land. Industries buying plots at the rate of Rs. 27.10 lakh per acre on 99-year-lease enjoy advantages of well-laid roads to an overall length of 42 km, power, and water

Dyeing units, tannery industries, asbestos industries, rubber reclamation unit, an LPG bottling plant of Indian Oil Corporation, units producing sponge iron, a private cold storage plant, and food product companies operate out of the SIPCOT Industrial Estate. Of the total area, there is a Special Economic Zone on 255 acres for manufacture of engineering components. Six units are functioning and another six are under construction, according to official sources.

Almost all the industries in SIPCOT Industrial Growth Centre meet most of their water requirement through recycling. Of the daily usage of 300 lakh litres, the SIPCOT provides only 40 lakh litres. The rest is recycled water, says Udayakumar, Assistant Environment Engineer, Perundurai Division.

Delegations from other States choose the Perundurai SIPCOT Industrial Growth Centre to study Zero Liquid Discharge system, he adds.

Neatly erected signboards indicating the locations of every manufacturing unit is a latest attraction in the industrial estate where 225 industries have been allotted close to 1,700 acres. Forty industries are under construction. Internal road connectivity with varying widths provides a ‘ready to operate’ confidence for aspiring investors.

Industry sources said the Perundurai SIPCOT Growth Centre with only 300 more acres left for allotment was certain to attract the attention of participants of Global Investors Meet planned in Chennai next month owing to its advantageous location along the Salem-Coimbatore four-lane National Highway. It is also just an hours drive away from Coimbatore Airport.

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Printable version | Jan 19, 2022 7:11:16 PM | https://www.thehindu.com/news/national/tamil-nadu/an-ideal-investment-destination/article7580734.ece

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