Chennai Real Estate Property: September 2007

Thursday, September 13, 2007

SIPCOT seesk grant for special infrastructure

The State Industries Promotion Corporation of Tamil Nadu (SIPCOT) has submitted a detailed project report to the Union Ministry of Textiles, seeking grant for creating special infrastructure at the Irungattukottai apparel park.

Though the Centre had promised to release Rs.7 crore, it went back after the completion of the 10th Plan period in March 2007. At that time, an official had said that there was no provision for it in the 11th Plan.

Work delayed


Around 30 out of the 35 firms have delayed setting up their units. They met SIPCOT officials on Saturday and demanded a convention centre, a design studio, a common testing lab, a crèche, a canteen and a dispensary.

“We heard their grievances and are willing to help them. We prepared a detailed project report and submitted it to Bhupendera Singh, Joint Secretary, Textiles. In the meanwhile, we have decided to set up a effluent treatment plant costing Rs.2 crore, a common training centre, a hostel for working women, a crèche and a dispensary,” SIPCOT Chairman and Managing Director N. Govindan told on Wednesday.