TAMIL NADU

“Adopt consortium approach to bag orders”

Special Correspondent

VILLUPURAM: T. Rajendran, Chairman and Managing Director of the Small Industries Development Corporation, has called upon prospective entrepreneurs to adopt the consortium approach to bag orders from companies like Bharat Heavy Electricals Ltd.

Addressing a meeting of entrepreneurs from Chennai, Thiruvallur, Cuddalore and Villupuram here, he invited them to set up shop at the SIDCO industrial estate coming up on 100 acres at Aasanur in Ulundurpet taluk. It was one of the 22 industrial estates to be set up under the new industrial policy. The entrepreneurs would get land at subsidised price, high-tension electricity connection, 20 per cent concession in power tariff, no levy of value added tax for six years and a 50 per cent rebate on registration charges.

He said the SIDCO was left with Rs. 50 crore in unutilized funds which the new entrepreneurs could easily tap.

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