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Tamil Nadu’s SIPCOT goals to supply sustainable housing for industrial employees

State Industries Promotion Company of Tamil Nadu (SIPCOT) has fashioned a Particular Objective Automobile – Tamil Nadu Industrial Housing Non-public Restricted (TNIHPL) – and collectively with Tamil Nadu Infrastructure Fund Administration Company (TNIFMC) goals to supply reasonably priced and sustainable housing for industrial employees.

TNIHPL is growing an 807-bedded working girls’s hostel in SIPCOT Industrial Park, Siruseri. In accordance with the Tamil Nadu Industries, Funding Promotion and Commerce Division’s Coverage Notice 2023-24, it is usually figuring out appropriate industrial housing initiatives throughout the state for growth.

SIPCOT can also be instantly growing an Industrial Housing facility with 18,720 beds at a challenge value of ₹706.50 crore at Vallam-Vadagal. The challenge is being carried out with a Authorities of India grant of ₹37.44 crore beneath the Inexpensive Rental Housing Advanced (ARHC) Scheme and a time period mortgage of ₹498 crore from the State Financial institution of India. Civil works are in progress and nearing completion, the word stated.

Particulars of SIPCOT and its SPV establishing devoted dormitory amenities on the following industrial parks:

Industrial Park Estimated value (in cr.) No of beds
Perundurai (girls) 7.91 222
Thoothukudi (girls) 6.92 252
Shoolagiri (women and men) 49 1,495
Irungattukottai (males) 26.69 801
Cheyyar (males) 13.54 441
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Earlier, SIPCOT has constructed three hostels – (i) Irungattukottai for ladies (330 individuals), (ii) Sriperumbudur for males (400 individuals) and (iii) Sriperumbudur for ladies (600 individuals), that are at present operational.

SIPCOT has additionally constructed a hostel for ladies (600 individuals) at a price of ₹8.58 crore at Nerupperichal village in Tiruppur District as a part of its CSR exercise, which is operational. As well as, a hostel at Nerupperichal Village in Tiruppur District at a price of ₹10.18 crore for 400 individuals for socially & economically backward teams beneath CSR was accomplished and was inaugurated by the Chief Minister on 06.07.2022.

Plug and Play Services

Fashionable manufacturing has shifted its focus from constructing the infrastructure from scratch to a plug-and-play mannequin the place plant and equipment are put in in pre-built manufacturing facility areas with all fundamental provisions for beginning business operations on the earliest. SIPCOT is establishing a Plug & Play facility at Perundurai (50,000 sft.), Vallam Vadagal (1,50,000 sft.) and a warehousing facility at Oragadam (1,00,000 sft.) at a complete challenge value of ₹85.20 crore to advertise the fast-paced industrial growth. These amenities are being established with a grant of ₹34.45 crore beneath the Commerce Infrastructure for Export Scheme (TIES) of the Ministry of Commerce and Business, Authorities of India.

SIPCOT has achieved a turnover of Rs.1,493.02 crore and earned a revenue of Rs.232.45 crore (unaudited) through the Monetary Yr 2023-2024, the Notice stated.



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