The Tamil Nadu Industrial Development Corporation (TIDCO) has invited expressions of interest (EoIs) from private sector participants to implement a rubber industrial park project, in joint sector.

The park would feature state-of-the-art infrastructure facilities required for development of rubber-based industries with focus on the export market. TIDCO has completed a techno-economic feasibility study and a detailed market survey, which have indicated that the project is economically viable. The Central government has sanctioned Rs.7.16 crore as subsidy under the Critical Infrastructure Balancing Scheme with a view to boost prospects for rubber industries at the park. The subsidy would be utilised for creating common infrastructure facilities at the park.

Location:

The park would be located at Shenbagaraman Pudur, 12 km from Nagercoil, in Kanyakumari district of Tamil Nadu.

Land:

The park would be spread over 135 acres of land, acquisition of which is in progress.

Project cost:

The cost of the project is estimated at Rs.14.15 crore.

Common facilities planned:

The park would feature facilities such as raw material warehouse, common testing facilities, internal roads, common effluent treatment plant, water and power supply.

Private promoter’s equity investment:

The private promoter would contribute around Rs.3 crore as equity.

Debt:

A sum of Rs.3.5 crore is proposed to be mobilised from financial institutions.

The last date for submission of EoIs is 29 November 2001.

EoIs may be sent to:

Chairman & Managing Director,

Tamil Nadu Industrial Development Corporation Ltd,

19-A, Rukmini Lakshmipathy Salai,

Egmore,

Chennai 600 008

Tel: 855 3933

Fax: 855 3729

Email: beltidco@md5.vsnl.net.in