![]() Financial Daily from THE HINDU group of publications Saturday, Apr 23, 2005 |
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Industry & Economy
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Infrastructure SIMA seeks more land in Cuddalore SIPCOT complex Our Bureau
Coimbatore , April 22 THE Southern India Mills Association (SIMA) has approached the State Industries Promotion Corporation of Tamilnadu (SIPCOT) seeking additional land for its proposed textile processing park at SIPCOT industrial complex in Cuddalore. The need for additional land is felt considering the `overwhelming' response the park proposal has generated among the industries. The apex textile industrial body said the 300 acres already earmarked at the SIPCOT industrial complex's phase-III is designed to accommodate just 15 Greenfield projects to process yarn, fabrics and garments. Already nine companies have confirmed their participation in the proposed park and six more were likely to firm up their participation in a week's time. This being the case, the entire 300 acres would be taken up by these 15 companies. In the meantime, seven more aspirant industries have evinced interest to set up their processing facilities in the proposed park area and the promoters of these units are expected to confirm their participation in a month. In order to enable the association to allot land for these prospective participants, SIMA has asked SIPCOT to provide additional land in the park area, the SIMA Chairman, Mr Vijay Venkataswamy, said in a statement. (The first batch of nine textile companies which have confirmed their participation in the Cuddalore SIPCOT complex are Thiagarajar Mills Ltd, Madurai, Super Spinning Mills Ltd, Coimbatore, Loyal Textile Mills, Chennai, BKS Textiles Pvt Ltd, Palladam, Rajapalayam Mills Ltd, Rajapalayam, Premier Mills Pvt Ltd, Coimbatore, Premier Fine Yarns Pvt Ltd, Coimbatore, Bannari Amman Spinning Mills Ltd, Coimbatore and Subadra Textile Pvt Ltd, Bangalore.) SIMA, which has engaged Gherzi Eastern Ltd, Mumbai, as the project consultant for the textile processing park project, is expected to form shortly an exclusive implementing agency which besides executing the project would also undertake the role of maintaining the common infrastructure of the park. A proposal for including the park under the Centre's Textile Infrastructure Development Scheme has been forwarded to the Textiles Ministry. The Cuddalore processing park will handle the problems such as lack of sufficient water for processing and difficulties in safe disposal of effluents. Since the area carries copious ground water, the sea discharge of treated effluent at the stipulated pollution norms is possible. According to Mr Venkataswamy, among the technology options looked into to handle the effluent including disposal of solid waste in the proposed park are the water frugal technology and biological treatment and the project too would pave way for a direct employment to 5000 people.
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