The State Industries Promotion Corporation ofTamil Nadu(Sipcot) has earmarked about 125 acres of land at its Manapparai industrial park in Trichy for setting up an aerospace park to promote investments in the sector as well as in DEFENCE manufacturing. Trichy is one of the five nodal cities of the Nadu defence industrial corridor. About 131 acres has also been allotted to Tamil Nadu Small Industries Development Corporation (Sidco) for promoting the Micro, Small and Medium enterprises (MSME) sector.
Tamil Nadu Industrial Development Corporation (Tidco) will be the nodal agency for promoting the aerospace park. Meanwhile, Sidco has paid the cost of the 131 acres of land in Manapparai, and the process of making layouts to create industrial plots for MSMEs is progressing. A minimum of 20 cents and a maximum of 1 acre of industrial land will be allocated to individual MSMEs for launching production units. Sidco said that MSMEs in the food and engineering fabrication business will benefit from the new small-scale industrial park. Apart from these allocations and reservations, officials said that a major conglomerate is in talks with Sipcot for booking more than 300 acres of land in Manapparai for an electric vehicle manufacturing unit.