- The project costing Rs 26.24 crore will be accomplished with financial assistance of SIDBI
- This project will help to provide new employment to 350 persons directly and 200 persons indirectly
- The state of the art, Plug and Play Flatted Factory building comprises Stilt + 4 floors to accommodate 69 MSME units of each 406 Sqft size along with common infrastructure facilities
NE BUSINESS BUREAU
CHENNAI, SEPT 11
Tamil Nadu has the largest MSME base in the country. The sector provides a wide range of services and is engaged in the manufacturing of over 6,000 products – ranging from traditional to hi-tech items. A large number of MSMEs are functioning in and around Hosur that are involved in manufacturing of variety of products for Automobile, Defence, Medical, Electrical and Electronic industries.
In view of rapid growth of industries in Hosur and also due to high cost of land, besides scarcity of land, further development close to the main city is very difficult. The scope for horizontal growth is impossible and it is found that vertical growth is the only option left.
Hence in order to support and meet the prime needs of new MSME units/Start-ups and to overcome the space constraint due to scarcity of land in the Industrial areas, ready built Plug and Play Flatted Factory is the only option left. The Government took cognisance of the situation and approved the project proposal of TANSIDCO for construction of Multi storied flatted Factory Complex at Hosur (Zuzuvadi) Industrial Estate, Krishnagiri District at a total project cost of Rs 26.24 Crore with financial assistance of SIDBI.
The state of the art, Plug and Play Flatted Factory building comprises Stilt + 4 floors to accommodate 69 MSME units of each 406 Sqft size along with common infrastructure facilities like Power connection, Water supply, Goods lift, Passenger lift, Heavy vehicle parking, CCTV, Fire safety etc.
This project will help to provide new employment to 350 persons directly and 200 persons indirectly.
India has the largest MSME base in the world after China. The sector provides a wide range of services and is engaged in the manufacturing of over 6,000 products – ranging from traditional to hi-tech items. Given the government of India’s push for a self-reliant economy or Atmanirbhar Bharat, the Indian MSME sector is poised for rapid growth and is seeking greater integration with major global value chains.
