Chennai, July 27 The Tamil Nadu Government has positively responded to a plea of the electronics hardware industry for an exclusive 300-acre block of land.
The Special Secretary to Government of Tamil Nadu, Industries Department, Mr K. Rajaraman, responding to the demand of the Consumer Electronics & Appliances Manufacturers’ Association (CEAMA) on Friday agreed that the Government could earmark a 300-acre portion of the 2,000-acres it plans to acquire at Cheyyar. Incidentally, a 250-acre SEZ for auto components is also coming up at Cheyyar.
At a seminar on ‘Electronics Industry in Tamil Nadu’ held here today, members of CEAMA expressed interest in setting up units in the State and sought the assistance of the State Government, mainly, in land acquisition. While the units have not yet firmed up investment plans, it is understood that there could be immediate investments of Rs 300 crore.
MIRC plans investment
Mr Gulu Mirchandani, Chairman and Managing Director, MIRC Electronics Ltd, manufacturers of the Onida brand of TVs and electronic appliances, told
Business Linetoday that his company was looking at investing in the State.
The two ‘Hi-tech SEZ’ planned near Chennai, viz., the SIPCOT Sriperumbudur Hi-Tech SEZ and SIPCOT Oragadam Hi-Tech SEZ, are fully sold out. Committed investments in the two SEZs are Rs 1,976 crore and Rs 1,300 crore, respectively.
CEAMA sees Chennai as an attractive place to invest, given the advantages such as availability of manpower, proximity to ports and cheaper and stable power.