Chennai
A SIPCOT release on Friday said that the industrial park will be established at a cost of Rs 360 crore. Accordingly, the proposed Industrial Park is to accommodate only industries which are not falling under category A or B as per Environmental Impact Assessment (EIA) notification, 2006 and amendments thereof. The type of industries proposed will be Automobile parts manufacturing industries, Engineering and Fabrication, Electronics components, Packaging units and any other Non-EC category industries.
It is estimated that the project could attract investments to create employment opportunities around 10,000 people. Environmental clearance has been obtained for the development of SIPCOT Industrial Park-II at Vallam Vadagal from State Level Environment Impact Assessment Authority (SEIAA).
The release further said that the objective of SIPCOT is to establish, develop, maintain and manage industrial complexes/parks/growth centres besides Special Economic Zones at various places across the State of Tamil Nadu.
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