Madurai - SPEED 2008

Leading industrialists and senior Government officials had brainstorming sessions at the SPEED conference (Southern Prosperity through Enhanced Economic Development), organised by the CII Madurai Zone on December 5 and 6.

Read more here

Rise in prices of steel and cement: Coimbatore, Madurai

Continuous rise in price of steel and cement in tamil nadu, gives lot of pressure for Building projects in Coimbatore.

Coimbatore builders seek government help to curb prices of steel and cement in tamil nadu.

read more in hindu b u s i n e s s

TAFE, Madurai - introduces bio diesel tractor

Tractors and Farm Equipment (TAFE) on Friday said its entire sub 100 HP range of Massey Ferguson tractors, but one, has been made compatible for use with bio diesel.

TAFE is one of the world's largest manufacturers of tractors and sells about 80,000 units a year that it produces at various plants in Chennai, Kalladipatti (Madurai), Doddabalapur (Bangalore) and Mandidheep (Bhopal).

Madurai Spinners Associaion say NO to Cotton waste export

The Madurai Spinners Association has called for halting export of cotton waste as it had an adverse impact on the industry resulting in closure of units.

After changes in the technology, cotton wastes gained value-addition. Many subsidiary units with two and three open spinning frames with investment in the order of Rs. 1 crore in small scale industry emerged employing a large work force.

He said that at present, owing to a scarcity of short staple fibres, open end spinners across the country were behind cotton waste generated in spinning mills.

Read more

Salem District to become Sandalwood capital: Analyzing other districts than Madurai

Salem District Profile

Two existing depots of Sandal wood in the country are Sathyamangalam and Tirupattur. Since two existing depots of Sandal wood in the country is going out of stock, Salem is being demanded more sandal wood.

Salem depot has 560 tonnes of sandal logs worth about Rs 224 crores. This seems to be on the way to have Salem as the sandal wood production and distributor of the country, in a major way. Sandal wood is in high demand and it is very expensive. it is needed all across the world.

Security is the only issue, in terms of growing Sandal wood production in the forest. There needs to be improvement in controlling Smuggling.

Analyzing districts of tamil nadu, other than madurai.

Multi-product SEZ in Tirunelveli: Nanguneri Project: Nearby districts of Madurai

A memorandum of understanding to establish a multi-product first Special Economic Zone (SEZ) in Nanguneri, Tirunelveli, was signed in presence of Chief Minister M Karunanidhi at the Secretariat Thursday.

The estimated Rs 15,000 crore project will be implemented by Tamilnadu government with assistance from Tamilnadu Industrial Development Corporation (TIDCO) on 2,520 acres and aims to provide employment to 70,000 people. This is great for both job seekers and for the potential entrepreneurs.

The project would be jointly executed by TIDCO, AMR group of companies and AMRL International Tech City Ltd. The products that would be manufactured here include spareparts for engineering and medical utilities, electrical and electronic products, information technology, along with biological products and transportation units in the first phase.

sourced from news today net. a chennai based english news evening daily!

Continuing research on Karur: Industry, Profile and Potential: Nearby District of Madurai

Karur is also famous for two banks, since early twentieth centuries. The reason I am excited about these two banks is - these banks were started with an initial investment with as low as Rs.1,00,000 on those days - say early 19xx's.

I am impressed by the entrepreneural skills, risk taking personalities and at the most - they have started to help the financial side of agricultural and trade needs at those times.

Hats off to all the people behind these banks birth!

Karur Vysya Bank and Lakshmi Vilas Bank, Karur

Karur Vysya Bank

The year was 1916 when two illustrious sons of Karur, the Late Sri M.A. Venkatarama Chettiar and the late Sri Athi Krishna Chettiar came together to found Karur Vysya Bank (KVB) with an initial capital of Rs. 1 lakh with an avowed desire to support the agricultural and trade activities in and around Karur. In the business of providing exemplary financial service for over 90 years, KVB is today the favorite banker to millions of customers around the country, enjoying a premier position in the banking industry.

Business Landmarks as on 30th September, 2007:

* With a deposit base of Rs. 10916.38 cr. and advances figure of Rs. 7438.68 cr., KVB has recorded a total business of Rs. 18355.06 cr.
* The Net Profit earned by the bank during the first half of 2007-08 was Rs. 91.36 cr.
* The Net Owned Funds of the bank has reached a figure of Rs. 1063.16 cr. as on 31.03.2007. In fact, KVB is the first Tamilnadu based Old Private Sector Bank and the third in the country in this category to cross the Rs. 1000 cr. mark in Net Owned Funds. But the special landmark is that the entire amount is clocked under Tier I capital only.
* The Capital Adequacy ratio is at a healthy 15.42% on the increased asset base as against the RBI stipulated norm of 9%.
* With a record of uninterrupted earning of profits and declaration of dividend, KVB has declared 100% dividend consecutively for the past four years. This year, the bank had declared Rights and Bonus shares to its stakeholder and the dividend of 100% declared for 2006-07 is on the enhanced capital base.

Check out Karur Vysya Bank

The Lakshmi Vilas Bank Limited was founded seven decades ago ( in 1926) by seven people of karur. At present, the bank has a network of 236 branches, spread over 11 states and the union territory of Pondicherry.

The Lakshmi Vilas Bank's business crossed Rs. 8,752 crores as on March 31, 2007. The Bank earned a Net profit of Rs. 17.58 crores. The Net owned Funds of the Bank reaches Rs. 396.08 crores. With a fairly good quality of loan assets the Net NPA of the bank was pegged at 1.58 % as on March 31, 2007 down from 4.98% as on March 31, 2005.

Check out Lakshmi Vilas Bank

Madurai to contribute to TN(Tamil Nadu) software exports in year 2009

The special economic zones for IT-ITeS industry in Coimbatore, Madurai, Tiruchirapalli, Salem, Tirunelveli, Hosur and Vellore announced by the state government were with an intention of increasing the software exports, Tamil Nadu State Chief Minister Karunanidhi said.

Tamil Nadu's software exports are expected to cross Rs 26,000 crore during the current fiscal, state Chief Minister said in Chennai. Rs 14,400 crore in 2005-06, rose to Rs 20,700 crore during the previous fiscal.

It is expected to rise again to Rs.26000 Crore for the year 2009.

Read more here

Boost Refined Cotton Exports and Textile Park in Madurai

Boost Refined Cotton Exports and Textile Park in Madurai near Vadippatti, Madurai

Tamil Nadu Government and Central Government of India are planning to boost the production of refined cotton products in Madurai.

Due to uncontrolled exports of raw cotton to various countries, the production of refined cotton products is affected. The weavers are not getting enough raw cotton.
This is mainly felt in Karur and Tirupur too.

Union Minister of State, Mr.E.V.K.S. Elangovan announced that another textile park would come up in Madurai at a cost of Rs 70 crore, the funds for which had been allocated by the Centre. The state should select a site to set up the park. A site had already been selected at Vadipatti for another park in Madurai district at a cost of Rs 30-40 crore.

Please read more at Economic Times

Karur District Profile and Industrial Potential: Madurai Machan reports

Karur Profile: near-by district of Madurai

Karur is exactly located at the center of the tamil nadu state. You will be amazed to see the amount of export Karur does in a year and to the places in different parts of the world. I was stunned to read that Karur exports to Walmart, IKEA, Target etc., 90% of the buses in South India are built in Karur!!

-Madurai Machan!

Karur Economy

Agriculture

The main crops are Paddy, Banana, Sugarcane, Battle leaf, Grams&Pulses, Topicco, Kora grass, Groundnuts, Oilseeds, Tropic-Vegetables, Garland Flowers, Medicinal Herbals etc.,.

Home textiles

Karur is famous for its home textiles. Karur has a niche in five major product groups — bed linens, kitchen linens, toilet linens, table linens and wall hangings. Overall Karur generates around Rs.6000 crores ($1200 million dollars a year) in foreign exchange through direct and indirect exports. Allied industries like ginning and spinning mills, dyeing factories, weaving etc employs around 300,000 people in and around Karur.

On the international textile map Karur has become synonymous with hand-loom “made-ups” first as Tirupur in the hosiery product. The weaving industry came to Karur from Kerala and has earned a reputation for its high quality hand-loom products today. Hand-loom Exports from Karur began on a modest scale with just 15 exporters in 1975 and today Karur has 1000s of exporters and the products are supplied to world leading chain stores like WalMart, Target, IKEA, Ahlens etc.

The hand-loom products being exported have been broadly classified under three heads viz., kitchen, bathroom and bedroom furnishing items. Some of the hand-loom made-ups exported from Karur are Bedspreads,Sheet sets, Towels, Floor rugs, Tea towels, Napkins, Aprons, Kitchen towels, Pot holders, Plate mats, Bathmats, Tea mats, Curtains, Pillow, Quilt covers, Shower curtains (above 500 classified verities).

Paper

TNPL is promoted by the Government of Tamil Nadu with loan assistance from the World Bank. Today TNPL is the largest producer of bagasse (sugarcane waste from Sugar mills) based paper in the world and the 2nd largest paper producer in asia. TNPL produces 230,000 tons of Printing & writing paper and consumes 1 million tones of bagasse every year.

Bus body building

Karur is a renowned centre for bus building industries. This is a unique feature of Karur and almost 90% of south Indian private bus bodies are being built here.And also Karnataka government buses. The total business is estimated to be around Rs.750 crore per annum.

Cement

Karur is also home to Chettinad Cements. It has an installed production capacity of 600,000 tons per annum, with another 1.1 million tons expansion in the pipeline.

Sugar

EID Parry has a sugar factory in Pugalur, Karur. It has a capacity of 4000 TCD per year. It also has a 22 MW co-generation Power plant, with TNPL.

Banking

Karur is the home town of India's oldest private scheduled banks, The Karur Vysya Bank and The Lakshmi Vilas Bank.

NYLON NETS

HDPE filament and associated product manufacturing. Its mainly for the fruit fields of Himalayas & north-east. Above 50% of nylon nets in India are made in Karur.

GEM STONES

The Karur belt also produces some very good Cats eyes, Feldspar, Moonstones, Aquamarines, Quarts, Sapphires, Jasper and beryls.

sourced at - w i k i p e d i a

CII Madurai Zone

CII Madurai Zone was started in the year 1993, covering all the 8 districts of South Tamil Nadu namely, Madurai, Dindigul, Theni, Sivagangai, Ramanathapuram, Virudhunagar, Thoothukudi, Thoothukudi & Kanyakumari. Madurai is very popular for its rubber & its allied industries.

Madurai has long been a laggard in industrial development as compared to other parts of Tamil Nadu and India. Other industries which are more familiar in this region are Agriculture, auto component manufacturing, logistics & shipping, chemicals, textiles etc.,

In addition to the above mentioned industries, Tourism industry is an important sector which attracts large number of both foreign & domestic tourists to this region. Starting from Meenakshi Amman Koil in Madurai to the Kanyakumari at the tip of the country there are a large number of tourist attractions in this region.

Madurai is also home to a large number of health care industries, specially Aravind Eye Care System, which is an international eye-care hospital, research and training institute that provides quality and affordable eye health care to all, and an organisation which develops high-volume, low-cost service models for deployment in India and developing nations.

South Tamil Nadu is specially called as the Oxford of South Tamil Nadu as there are a lot of education institutions in this region. With 3 universities of world class education and around 120 engineering colleges & 235 arts & science colleges, South Tamil Nadu generates a major chunk of the professionals for the nation.

CII Contact

Confederation of Indian Industry
Madurai Zone
Plot No 518
4th Main Road (1st Floor)
K K Nagar
Madurai - 625020

Phone: 0452-4391424 /2522743
Fax: 0452-2521705
Email: ciimdu@airtelbroadband.org

Sourcing from CII inayathalam.

BUSINESS POTENTIAL OF MADURAI

BUSINESS POTENTIAL OF MADURAI

• South Tamil Nadu contributes around 17% of State GDP
• Madurai Zone is considered as the Gateway to Culture & Heritage and Home for Rubber & auto component industries.
• Sivakasi & Virudhunagar are the centres of world famous Printing & Fireworks manufacturing industries
• South Tamil Nadu is the home for Textiles Industries
• Thoothukudi is considered as the Hub port of this region with ocean connectivity to all countries in the world.
• South Tamil Nadu is also the destination of retail industries cutting across segments from Textile Showrooms to Food industry
• South Tamil Nadu has started to attract investments in the IT industry in the recent years with 2 Tidel Parks to be started in Madurai and 1 Tidel park at Tirunelveli.

Source: CII

Madurai's Potential Lost in past

What do you know about Madurai-TamilNadu?

You may know - Madurai is known as :
ATHENS OF THE EAST
TEMPLE CITY OF INDIA
LAND OF NECTARS etc...

You may Know - Madurai is famous for its :

Meenakshi Temple
Tradition and Culture
Fragrant-smell JASMINE Flowers
Granite Marble stones
Tasty Food etc.,

While asking experienced people - they'll reply :

Madurai lacks Industrialization so lost millions of its native people to other cities.

That is real truth ! Did you know one thing ?

Our Temple city Madurai is losing nearly 40,000 Graduates every year to other cities like Chennai, Hyderabad, Bangalore, Mumbai and losing 50% of its Man-power to the industrialised cities like Coimbatore, Tirupur and Erode due to Unemployment.

Just Imagine the status of our city if those people remained here for work! None of the previous Governments took efforts to develop the Historic temple city. We had lost a Second MetroPolitan city of TamilNadu - YES !!! - Our Madurai might have become a Metropolitan city some decades ago next to those 4 Cities like what PUNE,BANGALORE,HYDERABAD is now emerging!! If there was a proper Governance and Good Local Administration.

But Taking its Potential into account - Our Present State and Central Governments had come forward atlast to develop our City Madurai right now.

Do anyone of you know its results ?

MADURAI is the only Tier-II City which attracted the Investments for More than Rs.50,000 Crores in the last two years which is now equal to the same power of Metros and Mini Metro cities of India.

Since this article is about improvement of Madurai, sourcing it from another madurai well wisher - madurai gilli - all for wellness of Madurai!

Real Estate boom in Madurai: Construction Builders in Madurai: Townships in Madurai

Madurai is active in property development with a plethora of developers coming up with residential projects, reshaping the concept of quality living in the city with a hoary past.

The presence of many builders in itself is indicative of the growing strength of the activity in different parts, engaged as they are in building multiple residential fiats, retail malls and fully integrated townships. Madurai is emerging as a model with all modern and international facilities for every section in the society have their ‘dream house’ fulfilled.

With leading IT companies such as Satyam, HCL acquiring lands for developing their centres, the Government intent on developing Madurai as a tier II city to facilitate the IT sector and industry bodies coming up with plans to industrialize the region, the activity has gained in momentum.

The activity gaining in momentum, year on year, the property value is escalating with the sons of the soil wishing to hold a modern space for themselves in the Meenakshipattinam. The new homeowner is young these days with prospects of further investment in their life cycle.

Emerging developers Genesis Habitat is armed with multiple credentials on adoption of global standards and technology has over 15 years of experience as a construction firm. TV ie company is very active, especially in Chennai. The projects are undertaken to provide value for money, as a lifestyle product and as an investment opportunity has an ongoing project at KMSL colony at Madurai Vairam Constructions, in the field for more than three decades, has successfully completed many projects. It has spread its activities across Tamilnadu.

At Madurai, the ongoing project ‘Vairam Vasandam’ is spread over 5 acres with a proposal for over 250 residential flats together with 12 premium independent houses. The company has earlier completed Vairam Kamalam, offering deluxe-type two bedroom flats. ‘We fulfil all your wishes’ has been the proud and guiding slogan of the company with the commitment to provide exclusive facilities at affordable price.

According to Mr.V.Durai Raj, Managing Director, most of the flats are sold at the time of bhumi pooja and the occupants are decent bureaucrats. The Chennai operations is being handled by Mr. Ganesh Durai Raj, his son.

Shiva Shelters, in the field for over a decade, is a renowned residential property developer in Madurai. Its successful projects include Sri Vaishnavi, Sri Nidhi and Sri Jannani in K.K.Nagar area and Sri Darshini, Sri Siddhi and Sri Riddhi in Chokkikulam and Tallakulam areas. The ongoing project Shri Vijayalakshmi is located at DRO Colony Road, K.Pudur, Madurai.

Sri Lakshmi Builders, with a vision and commitment are active in the Chokkikulam area. Trust­worthiness and strict adherence to approved plan with no hidden cost and affordable price are the hallmark of its functioning. The ongoing projects are Gomathi Niwas, Gowri Vilas and Ashwin Vikas in Chokkikulam area in Madurai.

Vishaal Promoters is a private limited company managed by husband-wife duo Mr.R.Elangovan and Mrs.Bhuvaneshwari. The company is engaged in flat promotion, township development and commercial complexes. A township development project, Vishaal Nagar I at Pasingapuram on the highways leading to Alanganallur and Palamedu near Madurai, has been completed on a 5-acre site comprising 120 plots for residential purposes. It has single and duplex houses of 350,450 and 550 sq.ft with whole area fully fenced. Currently, the company is engaged both in township development and flat promotion.

Vishaal Nagar II is a project under process at Pasingapuram on an area of 10 acres with a proposal to have 168 residential flats. Three projects on flat promotion, namely, Vishaal Heights, Jagadeesh Elegance and Vishaal Shiv Sakthi, are going on in full swing. While the former two projects are developed in V.P.Rathinasamy Nadar Road, the last one is developed in Anna Nagar. The commercial complex, Vishaal Mall with a total saleable area of 1.25 lakh sq.ft in Chokkikulam is in the initial stage of excavation.

Sintex Industries Limited has two divisions, textiles and plastics. The latter started in the year 1975 has 10 plants and twelve manufacturing processes and is spread across the country with manufacturing capabilities in providing house­hold products. Also, facilities for extensive finishing, assembling, metal fabrication etc have been created. A combination of varied capabilities and tool room facilities have stood the test of time in taking the company to the fore­front in offering vast array of products and solutions.

Sri Sharada Estates, Tirunelveli, established in 1999 offers dwelling places in Tirunelveli. Considering the thrust given by the government and also the experience and accolades earned through earlier projects, the company has now expanded to constructing 120 flats in an area opposite to Tirunelveli New Bus stand.

Property developers in south Tamilnadu, especially at Madurai are tire­lessly at work to position Madurai for quality living on modern lines and provide for housing to the satisfaction of local demand and emerging development of comfort as industrialization requires in the field.

Source: The Hindu Business Line

Madurai division of Southern Railways recorded 19 percent growth than last year

I am very happy to hear the news that Madurai division of Southern Railways recorderd 19 percent growth, compared to last year!

Despite closure of many sections due to gauge conversion, operation of special trains, enhanced passenger amenities and new trains have contributed to the increase in passenger traffic.

Information Technology-enabled services such as online train tracking system, national train enquiry system, among others, were introduced. The division bagged four efficiency shields for outstanding performance in finance, medical and mechanical departments.

The current fiscal would see a good growth in earnings as many sections would be opened, restoring commuter traffic as well as providing connectivity to long distance destinations.

This definitely shows the potential of Madurai. Even for a small piece of Southern Railways, profits are shown in an upward manner. This is just a sample guys!! We have lot to achieve!!!

Kudos to all the employees of Railways at Madurai and outskirts, connecting all the places inside India.

Source: The Hindu

Karumuttu Thiagarajan, Madurai: Madurai Industrialist Personality Profile

Kalaithanthai Karumuttu Thiagarajan Chettiar, Madurai

I am very excited and was stunned to read the profile of Karumuttu Thiaragarajan Chettiar, founder of Thiagarajar Mills, Thiagarajar College of Engineering, Madurai etc.,'s profile in wikipedia. It highly impresses me and inspires me.

He was the tenth and last child in his family. He was educated at St Thomas' College, Sri Lanka.

He took an active part in the struggle for Indian Independence. He founded fourteen textile mills, nineteen educational institutions, the Bank of Madura, and the Madurai Insurance Company. He also published for a number of years a daily called 'Tamil Nadu Daily'He named his tamil daily before Government of Madras named it as Tamilnadu.

Read more at wiki

Sponsored by Sun City

International Flight by June in Madurai: Madurai Airport

Madurai Airport to have an international flight by June

In a recent CII meeting, Dindigul MP NSV Chitthan had said that there will be an international flight from/to Madurai to Singapore, Kuala Lumpur, Gulf Countries, Sri Lanka, South East Asia etc.,

Speaking at a function organised by the Confederation of Indian Industry (CII), Madurai Zone, to formally present the report on ‘Traffic potential at Madurai airport’, here, on Wednesday, Chitthan said that the Union Minister for Civil Aviation had given him an assurance on the operation of an international flight from Madurai by June when he represented the demand of the people in southern districts of Tamil Nadu to him.

Speaking on the occasion, T Kannan, former chairman, CII (Southern Region), underscored the importance to focus on second-tier cities to boost economic growth. Expressing concern over the absence of economic boom in the southern region of the State, Kannan said Mumbai, Bangalore and Chennai to a certain extent, were benefited by the boom that was sweeping the world while it was yet to reach other cities.

Please read more at new ind press

Madurai Machan Movie Portal Resuming Back

We had a deep little pause for the activities of Madurai Machan - Movie Portal Publication. They are resuming back to normal...Your support is needed as usual and you just need to keep visiting maduraimachan.com for constant movie/actor/actress/gossips/cinema industry updates.

About Madurai Machan Movie Portal

Vision:

To build a successful movie entertainment portal and publication business, which will be 100% entertaining to the indian and NRI visitors from all over the world.

Mission:

We will achieve this aim of building the successful publication business by working together as a team, part-time, but in a very professional way for two purposes - one is to serve the society by entertainment and sharing the profits. Another is to generate revenues and become popular.

Our Collections:

We have huge set of existing and growing set of articles and photos/images/snaps about tamil movies, telugu movies, kannada movies, malayalam movies, hindi movies, kollywood, bollywood, mollywood, tollywood, hollywood, songs, news, updates, gossips, views, previews, reviews, actors, actress, glamour photo gallery, hot actresses, photo gallery, actress gallery etc.,

ALL IN ONE ENTERTAINMENT PORTAL!!!

Madurai Entertainment - Madurai Movies/ Madurai Cinema

Madurai Entertainment - Madurai Movies/ Madurai Cinema

There are lot of movies which has come out with stories based on Madurai lately and in very large quantity recently. All the village subjects are shot in Madurai and the story is based on places like Madurai, Theni, Kambam, Sivagangai, Periyakulam, Dindigul etc., For some reason, tamils(tamils from tamilnadu) all over the world have an idea that Madurai and its suburban people are all hard, rough, uneducated, aggressive, angry, sentimental and illiterate people.

That sounds to be interesting for audience these days. Taking advantage of the fact that people are interested to watch madurai based stories, there are more movies coming out these days.

In olden days, there was an MGR cast movie called Madurai Veeran. Good!
Now, starting with Kadal, Madurey, Madurai Veeran, Vel, Paruthi Veeran, Thimiru, Thavamai Thavamirundhu etc.,

All are huge hits, due to the audience traction to madurai, story, action etc.,
All the village folks songs based on Madurai are huge hits too.

In short, Madurai is hugely seen with its rustic outlook and not with a refined outlook. Will it look good with its refined and non-rustic face. I believe, as change happens, it will look good!!

Madurai IT Park supporting/ancillary/associated business growth

Madurai IT Park supporting/ancillary/associated business growth


Once you Madurai IT Park is built, there are lot of possibilities for starting supporting/ancillary/associated business.

You don't need to be a software guy to enjoy the benfits of Madurai IT Park.
You could start a small business of your own capacity like restaurant, retail shop of anything of demand etc.,

The small business I am talking about could be any supporting business for the residential and working community in the new area of Greater Madurai.

As someone had said, start the business when the economy is shining and starting to grow. You will also grow with the economy and all the developments happenning around the area.

For example, you could start a cleaning service, security service, administrative service, transport service for the buildings and community of Madurai IT park area.

Services business sounds like a good idea to start with.

1) Have a taxi service in madurai and take the upcoming demand for transport at your side.
2) Have a security human resources company, where in you can provide security personnels to the buildings and companies.
3) Start a computer hardware services company, which would serve the computers in the software companies.
4) Start a cleaning service, which would serve the human resources to maintain the buildings and the area.

There are lot of ways to gain yourself with the madurai growth. The choice is upto you!!!