Auto hub, textile marketing centre can boost MSMEs in Madurai
Updated: May 19, 2015 04:40:00pm
Madurai, May 19 (KNN) Establishment of an automobile manufacturing hub and a common marketing centre for the development of the textile industry in Madurai will give a fillip to micro, small and medium enterprises (MSMEs) and create jobs, says an industry body.
The industry body Confederation of Indian Industry (CII) has suggested that action plans for the automobile, textile, tourism, infrastructure and other sectors.
SME sectors like manufacturers of rubber and automobile components have a major presence in the district, but in the absence of a large customer, they cater to automobile manufacturers outside the district. The establishment of an automobile manufacturing hub would help build a foundation for local sourcing of components and boost the district's economy.
The move will also uplift exports from the district, besides attracting investments by more large-scale companies in the district.
According to a CII report, there are more than 3,000 rubber and other component manufacturing units in the district, employing a total of over 10,000-12,000 people.
There are also abundant raw materials available and large companies in the district. Madurai, being a business centre and having a large auto component manufacturing industry, is best suited for large-scale investment in the automobile sector, it said.
The report said that if the government procures land required for the auto hub and establishes a design and technological park, warehouses, logistics and other common infrastructure such as water, power, effluent and sewage treatment plants and communications, and offers tax concessions, companies will invest in manufacturing facilities.
It has recommended the establishment of a common marketing centre in the district, similar in format to those in Ahmedabad and Surat, to cater to various textile products, from spinning to handloom and readymade garments.
The industry body also said that the marketing centre will also act as a knowledge source bank with a technology incubator providing inputs on modern technology, and the latest trends in design and sourcing.
Establishment of a common marketing centre will help attract buyers from abroad, said CII. (KNN Bureau)
The industry body Confederation of Indian Industry (CII) has suggested that action plans for the automobile, textile, tourism, infrastructure and other sectors.
SME sectors like manufacturers of rubber and automobile components have a major presence in the district, but in the absence of a large customer, they cater to automobile manufacturers outside the district. The establishment of an automobile manufacturing hub would help build a foundation for local sourcing of components and boost the district's economy.
The move will also uplift exports from the district, besides attracting investments by more large-scale companies in the district.
According to a CII report, there are more than 3,000 rubber and other component manufacturing units in the district, employing a total of over 10,000-12,000 people.
There are also abundant raw materials available and large companies in the district. Madurai, being a business centre and having a large auto component manufacturing industry, is best suited for large-scale investment in the automobile sector, it said.
The report said that if the government procures land required for the auto hub and establishes a design and technological park, warehouses, logistics and other common infrastructure such as water, power, effluent and sewage treatment plants and communications, and offers tax concessions, companies will invest in manufacturing facilities.
It has recommended the establishment of a common marketing centre in the district, similar in format to those in Ahmedabad and Surat, to cater to various textile products, from spinning to handloom and readymade garments.
The industry body also said that the marketing centre will also act as a knowledge source bank with a technology incubator providing inputs on modern technology, and the latest trends in design and sourcing.
Establishment of a common marketing centre will help attract buyers from abroad, said CII. (KNN Bureau)
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