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Industrialists in Coimbatore thank TN Govt for reducing the price of land in SIDCO estate

Industrialists in Coimbatore thank TN Govt for reducing the price of land in SIDCO estate

Small Industries Development Corporation

Industrialists in the district have welcomed the government’s move of reducing land prices in Sidco (Small Industries Development Corporation) industrial estates in the state.

C Balasubramanian, president of the district chapter of the Chamber of Commerce and Industry, said, “We wholeheartedly welcome chief minister M K Stalin’s announcement to reduce the prices of Sidco plots by 5%-75% depending on the industrial estate.”

“The price reduction of plots in the SIDCO industrial estates that are announced for the first time in 50 years will certainly support and help the medium enterprises to buy remaining vacant land. We thank the honourable chief minister for this announcement that is aimed at improving industrial investment in the state.

This will certainly help achieve the chief minister’s target of making Tamil Nadu a $1 trillion economy by 2030,’’ Balasubramanian said in a press statement.

By reducing the rates, the government has made it affordable for entrepreneurs and businessmen to buy plots in various SIDCO Industrial estates.

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