Three more companies allotted land at SIPCOT industrial estate

Three more companies have been allotted land at the State Industrial Promotion Corporation of Tamil Nadu (SIPCOT) industrial estate near Manapparai on Tiruchi-Dindigul National Highway

Three more companies have been allotted land at the State Industrial Promotion Corporation of Tamil Nadu (SIPCOT) industrial estate near Manapparai on Tiruchi-Dindigul National Highway.

UltraMarine, Jamil Steel, and PepsiCo India Holdings were the new entrants to the SIPCOT industrial estate. While UltraMarine is allotted 32.72 acres of land, Jamil Steel is allocated 14.59 acres of land. PepsiCo had been allotted 27.96 acres of land for setting up a plant for manufacturing potato chips and a few other snack items.

With this, the number of companies, which had been allotted land at the estate, has gone up to 16. Most of them have been allotted land for 99 years until a year ago. The number had gone up to 19. More than 200 acres of land had so far been allotted to various companies.

A scaffolding manufacturing company was the first company to start production. Of the 16 companies, seven had started construction work and a few are on the verge of completing the construction work.

It was with the intention of providing land at an affordable long-term lease basis, the State government issued a G.O. in 2013 to set up an industrial park in Tiruchi district. It subsequently acquired 1,096.36 acres of land at Kannudaiyanpatti, K. Periyapatti, and Chathirapatti near Manapparai. Basic infrastructure and all the needed amenities such as road, electricity, and drinking water were subsequently created after earmarking sites for various industrial categories.

The process of receiving the applications for the allotment of sites was started in 2019. Of 1,096 acres, development work was carried out on 396 acres. After this, SIPCOT had about 700 acres to allot sites to needy entrepreneurs and industrial houses. Of that, it earmarked 131.92 acres to Small Industries Development Corporation (SIDCO). The SIPCOT still has about 450 acres for allotting plots to the needy companies on a long term lease.