TANSIDCO Gives Clearance For Rs 60 Crore Project In Chennai

Chennai, Sept 21: | Updated: Sep 22 2003, 05:30am hrs
The board of directors of the Tamil Nadu Small Industries Development Corporation Ltd (TANSIDCO) has given in-principle clearance for the infrastructure upgradation project of six major industrial estates in Chennai. The aggregate estimated cost of the project is over Rs 60 crore.

Senior officials of the state agency told FE that TANSIDCO, with the initiative of the state government, has decided to take up the infrastructure upgradation project of six industrial estates under the Industrial Infrastructure Upgradation Scheme (IIUS) of the government of India. This would include the Guindy industrial estate, Ambattur industrial estate, industrial estates in Thirumazhisai, Kakkalur, Alathur and Thirumudivakkam in Chennai. There is a network of about 74 industrial estates in the state and about 12 estates in the Chennai region which are maintained by TANSIDCO.

TANSIDCO wants to avail of the scheme for upgrading the infrastructure facilities in the industrial estates thereby improving the international competitiveness of the domestic industrial units. Our idea is to create world class infrastructure with common facilities like the effluent treatment plants, entrepreneur development centres, common library on technology, desalination plant for pharmaceuticals companies, common design centre, marketing information centre, research and development units and testing centres etc, sources said.

All the six industrial estates would be developed with world-class infrastructure under the Public Private Partnership (PPP) concept. As per IIUS, SIDCO can avail a grant from the government of India to the extent of 75 per cent of the overall project, subject to a maximum of Rs 50 crore. And 15 per cent should come from the stakeholders of the industrial estates namely the units operating within the estates. The balance would be chipped in by other state institutions including TANSIDCO. The overall cost of the project is estimated to be over Rs 60 crore.