The Hindu Business Line : Land use conversion to develop industrial estate in Coimbatore approved

THE nearly three-year wait for the approval of the State Government for land use conversion to establish a private industrial estate close to Coimbatore has ended with the Government according permission to the plan .

The promoters of the industrial estate expect to complete the necessary formalities, including allocation of land to the members and provision of infrastructural facilities, within the next few months before the construction of factory premises could be taken up.

Mr S.A. Thooyamani, Chairman, Nethaji Industrial Estate Society, told Business Line that the Government has issued the order for the change of land use to an extent of 68.35 acres from agriculture to industrial use in Sarkar Samakulam village in Coimbatore.

It was in 1996 that the society was formed to take up the project and a request for the land conversion has been pending with the State Government since 2002.

He said the society's nearly 75-80 members had booked land ranging from 25 cents to even one acre or more. While most of the units that would come up would be SSI units, a few medium and large units were also likely to come up in the estate. These would be essentially in activities relating to foundry, electro plating, automobile accessories, machining works, wet grinder spares etc.

The pollution problem within Coimbatore city is expected to ease when some of the existing units within Coimbatore re-locate to the proposed industrial estate.

He said the entire area was purchased by the society formed by the members. The society would take up the job of distributing the land among the members and infrastructure facilities such as roads, water supply etc would have to be provided before the allottees could take up construction work. He expected the preliminary works to be completed in the next six months.

Mr Thooyamani said for smaller units, the investment to be made would be in the region of Rs 20 lakh to Rs 30 lakh. A few bigger units proposed, including manufacture of machinery for the bakery units, might involve a higher investment.

The total investment by industries would be around Rs 20 crore. The society would approach SIDBI for financial assistance in providing infrastructural facilities.

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