TN govt. prepares to allot land for Schwing Stetter expansion
The Hindu
Tamil Nadu govt. starts preparatory process for alloting land to Schwing Stetter India for ₹400 crore expansion. Representatives met govt. agencies & sought 40 acres near existing facility. SIPCOT ready to allot land & Guidance Tamil Nadu awaiting site inspection. SSI CMD confident of officials' assistance. Expansion to raise production capacity & manufacture new products.
The Tamil Nadu government has started the preparatory process for alloting land for German concrete equipment manufacturer Schwing Stetter India’s (SSI) ₹400 crore expansion programme at Cheyyar.
Representatives of SSI met officials of the concerned State government agencies last week and briefed them about their expansion plan and sought 40 acres near the company’s existing Cheyyar facility at the earliest.
An official at the State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT) told The Hindu the state-owned agency was ready to allot 40 acres to SSI from the 70 acres of land they had at Cheyyar. The Project Officer was working on the matter and waiting for SSI to respond., the official said, speaking on condition of anonymity.
“The site inspection will be done in the next few days. We will pass on the information to Guidance Tamil Nadu and complete the task at the earliest. Then, SSI has to pay the requisite sum within 30 days,” the official added.
Stressing that no proposal in respect of SSI was currently pending with the agency, Guidance Tamil Nadu MD V. Vishnu said Guidance was waiting for the company to undertake a site inspection.
“First the site inspection should take place,” Mr. Vishnu explained. “Then after the identification of land, we will tell SIPCOT to begin the allotment process. Site inspection will happen at the earliest,” he added.