SIPCOT set to allocate land to US company at Manapparai Industrial Park
ECONOMY & POLICY

SIPCOT set to allocate land to US company at Manapparai Industrial Park

Jabil Inc, a U.S.-based multinational, has entered into a memorandum of understanding (MoU) with the State government to establish an electronic manufacturing unit in Tiruchi. The company is likely to receive land allocations at the SIPCOT (State Industrial Promotion Corporation of Tamil Nadu) industrial park located near Manapparai along the Tiruchi-Dindigul highway.

In 2013, the State government issued a G.O. aimed at providing affordable long-term leases for land at the industrial park in Tiruchi district. Following a lengthy land acquisition process, SIPCOT secured 1,096.36 acres in Kannudaiyanpatti, K. Periyapatti, and Chatrapatti near Manapparai. The organization subsequently developed essential infrastructure, including roads, electricity, and drinking water, and began accepting applications for land allotments in 2019.

Out of the 1,096 acres, 131.92 acres have been allocated to the Small Industries Development Corporation (SIDCO), while SIPCOT is currently working on site allotments for interested industries.

Sources indicate that the State government is eager to provide Jabil Inc with the necessary land at the SIPCOT park. The company, known for supplying electronic components to major clients like Apple, Cisco, HP, and Dell, is seeking around 70 acres for its electronics manufacturing unit, with a planned investment of ?2,000 crore.

Should Jabil Inc receive the land allocation, it will become the first major multinational corporation to secure sites at the SIPCOT industrial park in Manapparai, potentially creating around 5,000 jobs.

Despite beginning the allotment process in 2019, industry response has been tepid. However, Jabil Inc’s involvement is anticipated to stimulate interest from other companies looking for land in the industrial park.

A senior official noted that SIPCOT has already allocated land to 13 companies, including five in the food production sector and eight in general engineering. Approximately 80 acres have been leased for 99 years, with 24.45 acres designated for food-based units and 45.65 acres for engineering companies. Those awarded land are currently engaged in construction activities.

Jabil Inc, a U.S.-based multinational, has entered into a memorandum of understanding (MoU) with the State government to establish an electronic manufacturing unit in Tiruchi. The company is likely to receive land allocations at the SIPCOT (State Industrial Promotion Corporation of Tamil Nadu) industrial park located near Manapparai along the Tiruchi-Dindigul highway. In 2013, the State government issued a G.O. aimed at providing affordable long-term leases for land at the industrial park in Tiruchi district. Following a lengthy land acquisition process, SIPCOT secured 1,096.36 acres in Kannudaiyanpatti, K. Periyapatti, and Chatrapatti near Manapparai. The organization subsequently developed essential infrastructure, including roads, electricity, and drinking water, and began accepting applications for land allotments in 2019. Out of the 1,096 acres, 131.92 acres have been allocated to the Small Industries Development Corporation (SIDCO), while SIPCOT is currently working on site allotments for interested industries. Sources indicate that the State government is eager to provide Jabil Inc with the necessary land at the SIPCOT park. The company, known for supplying electronic components to major clients like Apple, Cisco, HP, and Dell, is seeking around 70 acres for its electronics manufacturing unit, with a planned investment of ?2,000 crore. Should Jabil Inc receive the land allocation, it will become the first major multinational corporation to secure sites at the SIPCOT industrial park in Manapparai, potentially creating around 5,000 jobs. Despite beginning the allotment process in 2019, industry response has been tepid. However, Jabil Inc’s involvement is anticipated to stimulate interest from other companies looking for land in the industrial park. A senior official noted that SIPCOT has already allocated land to 13 companies, including five in the food production sector and eight in general engineering. Approximately 80 acres have been leased for 99 years, with 24.45 acres designated for food-based units and 45.65 acres for engineering companies. Those awarded land are currently engaged in construction activities.

Next Story
Infrastructure Transport

Alignment: the Location Factor

Location is a key determinant of a property’s value and return on investment. Arguably, what location is to real estate, alignment is to a metro system. A metro system’s alignment, the areas it services, plays one of the most important roles in its financial viability. So, what constitutes an ideal metro alignment?Ideal alignmentsIdeally, “a metro must pass through densely populated areas and major interchange transport hubs (bus stands, railway stations, bus termini, airports) for the smooth changeover of passengers using multimodal transport,” says Vishwas Jain, Managing Directo..

Next Story
Real Estate

Nippon Life India Acquires Commercial Spaces worth Rs 4.8 bn

In a strategic expansion move, Nippon Life India Asset Management has acquired two premium commercial properties at One Lodha Place in Mumbai's Lower Parel locality, for a combined value of Rs 4.8 billion, according to IGR documents reviewed by Square Yards. Lower Parel is a major commercial suburb of Mumbai known for its premium office spaces. The locality is situated near international airport, the Eastern Express Highway and the Bandra-Worli Sea Link, providing excellent connectivity to other parts of the city. One Lodha Place is ready-to-move commercial project developed by Lodha Group (M..

Next Story
Infrastructure Urban

Gujarat’s Low Utilization of Central Funds for MSME Development Raises Concerns

Despite being a leading state for micro, small, and medium enterprises (MSMEs), Gujarat has been criticized for its poor utilization of central government grants meant for MSME development. According to official data, Gujarat received Rs 5 crore for preparing a Strategic Investment Plan (SIP) and Rs 47.06 crore under the Raising and Accelerating MSME Performance (RAMP) program from the central government. These programs, launched by the Prime Minister on June 30, 2022, are aimed at scaling MSME operations and fostering innovation. As of June 30, 2024, Gujarat has utilized only Rs 0.66 crore o..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000