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11/07/2019 02:36pm

SIDCO develops integrated seafood park for MSMEs

image SIDCO develops integrated seafood park for MSMEs

Madurai, July 11 (KNN) An integrated Seafood Park at Sakkarakottai has been developed by Tamil Nadu Small Industries Development Corporation (SIDCO) limited for the allotment of developed plots to Micro Small and Medium Enterprises (MSME) for setting up seafood processing units and producing value added seafood.

SIDCO has developed the park on a 50 acre off East Coast Road and abutting the Ramanathapuram – Thoothukudi National Highway at the cost of Rs  22 crore under the Tamil Nadu Investment Promotion Programme and Phase II with financial assistance from Japan International Cooperative Agency (JICA) and the State government.

SIDCO, after the development of the park, had invited applications from MSMEs late last year.

The tentative cost of the developed plots at Rs 23 lakh per acre has been fixed by SIDCO.

They said that the MSMEs could apply for areas required for their projects. The parks even have lights, roads, water supply, drainage channels and storm water drain.

“The park was developed to encourage MSMEs set up their units for processing of fish, shrimp, prawns and crabs and ready to eat, ready to cook, ready to fry, heat and serve and branded products," said Sivaganga, Branch Manager, SIDCO Branch Office.

“After completing the allotment of developed plots on 50 acre, another 50 acre would be developed in the second phase”, she said.

She also said that MSMEs which get allotments should complete the civil work and commence production within 24 months.

A.M. Baskaran, Executive Engineer, SIDCO construction wing, Madurai, said the park would have an administrative block, cold storage facility and a sub-station with industrial feeder to ensure quality power to the manufacturing units. (KNN/LM)

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