Coimbatore: The State Government will bring the Defense Industry Corridor Project from the Government to the Future by establishing a Defense Component Manufastur Park in Coimbatore more than 500 hectares at a cost of 225 Crores, Finance Minister Palanivel Thiamivia Rajan said while presenting a revised budget for finance 2021-22 on Friday.
This park is expected to attract an investment of 3,500 crores.
“Although the United States government announces the formation of the defense industry corridor that connects Hosur, Salem, Tiruchirapalli and Coimbatore, the support of the union government has been limited,” Minister said.
Industrial bodies here welcome the announcement.
President Association of South Indian Engineering Producers (Siema) K V Karthik said the defense company has organized vendors that meet source components.
“The defense component demands the highest level of precision.
It will take time for domestic companies to familiarize themselves with these requirements.
The arrival of large manufacturing companies is very important for the manufacture of high precision equipment.” “Indian Industrial Giants such as Tata, Reliance and L & T are active in the defense manufacturing sector.
If this park becomes a reality, such companies can build their base in this region for making defense equipment,” said President of the Chamber of Commerce and Industry Industry (ICCI) Balasubramanian.
The Small Small Industry Association of Coimbatore Regency (Codissia) has asked the state government to bring a large industry to collect after the Union government announced Tamil Nadu as part of the Defense Corridor project, said President Codissia M v Ramesh Babu.
“Codissia Defense Innovation and Atal Incubation Center (CDIIC) has been incubated by 10 startups to produce defense components and most of them are in Tamil Nadu.
This year, we incubate 15 startups again.
One hundred and forty small and small industrial units have approached.
US And we are in the process of identifying companies that are able to supply components to the defense unit.
“” Announcement of Manufon Park Defense Components in the State Budget In line with our requests.
While the large industry is expected to make an investment of up to RS 3,500 in the park to produce defense products, MSMEs can Become this industrial vendor, “Ramesh added.