Header Ads

CII sets July deadline to roll out delayed city development plan

Related image
The Confederation of Indian Industry (CII), Trichy zone is planning to release the Trichy development plan aimed at promoting the district as a preferred destination among established entrepreneurs in various sectors like manufacturing, information technology and food processing domains next month.
The trade body has been working closely with Indian Institute of Management (IIM), Trichy to devise the plan encompassing short and long-term industrial development goals and strengths of Trichy to attract industries and to generate employment opportunities.

Ever since Trichy was mentioned in the proposed defence corridor to produce indigenous defence products, CII Trichy zone has been profiling the district’s industrial strength and parameters that will be considered by investors. “The development plan will have Trichy-specific gross domestic product (GDP) and a number of existing industries in manufacturing and service sectors. We are in the process of collecting data including human resource to highlight the environment available for industries,” A S Ananthakrishnan, chairman, CII, Trichy zone, said.
Though work on compiling the plan was taken up in February, difficulties in sourcing Trichy-specific data were cited as the reason for the delay in releasing it. Though industrial and trade bodies were reluctant in utilising resources available with premier institutions, CII has availed of the expertise of IIM Trichy. The institution has also constituted a specific task force to support the completion of the plan.
“The development plan will have the city’s current capacity besides the requirements that ought to be addressed for attracting investments. We have started approaching IT majors including Mahindra to consider Trichy for their expansion plans,” Ananthakrishnan added.
With the city located in the Cauvery delta zone, efforts are also under way to attract investments in value-added production in agriculture and allied sectors. By the end of June, CII has planned to hold discussions with experts in IIM Trichy for rolling out the development plan by July. Once the plan is released, the industry body said that roadshows and other initiatives promoting Trichy among investors would be carried out. With the city’s domestic connectivity having improved by connecting Chennai, Bengaluru, New Delhi, Kochi and Mumbai, CII said that time was ripe to draw investments in information technology sector into the city, which is usually recognised as an expert in fabrication and heavy engineering sectors.

No comments

Powered by Blogger.