SIDCO estate in Mayiladuthurai emerging as a key hub for small-scale units
3 months, 3 weeks ago

SIDCO estate in Mayiladuthurai emerging as a key hub for small-scale units

The Hindu  

The Tamil Nadu Small Industries Development Corporation Limited Industrial Estate in Kulichar, near Mayiladuthurai, is gaining momentum as a key hub for small-scale industries. He said the centre offers a 25% capital subsidy for new industries and a 20% electricity subsidy for the first five years, encouraging entrepreneurs to set up their businesses. Mr. Sekar said the district could see the development of additional industrial estates because of growing interest, particularly from innovative agro-based industries, which are readily supported by banks. The estate hosts various industries, including tyre re-tread, cement products, paint production, food and spice processing, iron and steel fabrication, and aluminium door manufacturing.

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