The Hindu Business Line : ‘Grab opportunities as they come’

Madurai, Sept. 4 “Opportunities come rare and when they come, grab the same,” exhorted Mr T. Dhanasekaran, Senior Regional Manager, Tamilnadu Industrial Investment Corporation (TIIC), Madurai.

He was addressing the inaugural Business Line Club meeting of the Department of Business Administration, Thiagarajar College, Madurai. In his address on ‘Investment potential in Madurai and project financing by TIIC’, he said the second largest city in the State was on the threshold of great opportunities towards growth and development. The Confederation of Indian Industry coming out with its detailed study on ‘Southern prosperity through enhanced economic development’, the strength of Madurai has emerged an attractive proposition for investors.

Identified by the Tamil Nadu Government as tier-II city of information technology industry, the attractiveness has got further enhanced. When opportunities are opened up, all sections should try to grasp them and prosper, he said.

Speaking further, he said that Madurai, already known as a handloom centre, is rich with industrial clusters in rice mills, rubber units, plastic units etc, apart from being known the world over as a great pilgrim centre. There are about 19,000 small-scale industrial units providing employment to a large number of people. The potential in horticulture is immense.

The re-emergent industrial estate at Uranganpatty which started with hosiery in focus and has turned into an assorted industrial estate, pointed to the never-say die attitude of the entrepreneurs. The potential of sun rise industries/services such as tourism and tourism related services, IT and ITES and granite for exports, held much scope, he mentioned.

Referring to the role of TIIC in the industrialisation of the State and in particular, Madurai, he outlined the method of project financing by TIIC in detail and said the corporation has been industry-friendly and elder industrialists would vouch for the same. He urged the members of the club to avail themselves of the assistance from TIIC and become entrepreneurs.

Dr N. Rajasekaran, Head, Department of Business Administration, Thiagarajar College and Mr C. Narayansamy, Assistant Regional General Manager, The Hindu, were present.

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