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

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

Cognizant Technologies Solution (CTS) coming to Madurai: NASSCOM Chairman: Madurai Potential

Lakshmi Narayanan, Cognizant’s Vice-Chairman, said that the temple city 'Madurai' will be in its radar to expand the operations of the software firm. Mr.Narayanan who is also serving as the chairman of NASSCOM (National Association of Software and Services Companies) came to Madurai to commence the competitions organised by the Thiagarajar College of Engineering for the school students. While replying for a question, he said that he will not comment on the name of the cities in which Cognizant is going to expand but it had shortlisted five cities for its future operations and Madurai is one of them.

Sourcing from Prabhas views blog!

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!

Dindigul - Nearby district of Madurai - What is the potential of Dindigul industries and growth?

Dindigul was part of Madurai in the past, as a history. Dindigul was separated from Madurai, for administrative purposes.

Dindigul is called as The City of Locks and Tannery, because it is a tier-4 fast growing industrial city in India. The specialty of this city is textile mills and standard education. The hills such as Palani and Kodaikanal comes under Dindigul district. The Dindigul Fort is one of the most beautiful places to visit.

Dindigul is an interior region of Tamilnadu. Dindigul lies on the banks of Kudavanar River with a total landscape of 6058 sqkm. In spite of its geographical location there are about 110 tanneries both registered and non-registered in and around Dindigul. This district is well known for the making of locks. The Dindigul district is divided into 7 taluks namely, Dindigul taluk, Natham taluk, Kodaikanal taluk,
Nilakkottai taluk, Palani taluk, Oddanchatram taluk & Vedasandur taluk.

The Dindigul fort is one of the major Landmarks of the city which is visible from several kilometers. This huge rock hill on which the fort is constructed, looks like Pillow ('Dhindu'), when viewed from one angle (from south east) and hence the City is known as Dindigul. This fort is at a height of 280 ft.

Dindigul is noted for its Locks. Also Iron safe of good quality and durability are made here. A lock manufacturing unit under co-operative sector is functioning here. It is flourishing industry gives employment to wide section of people. Its one of the largest trading center in Tamil Nadu for chewing tobacco and “Roja Supari” are
produced in this town and are being sent to various places in and around the Tamilnadu. Dindigul is flourishing with handloom industry at Chinnalapatti, which is located at 11 km away from Dindigul on the Madurai-Dindigul road. Art – Silk sarees and sungudi. Sarees Produced in Chinnalapatti is famous in the district. More than 1000 families are engaged in this Industry.

Madurai Directory

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

Realty/Realtors/Real Estate Guides - How to Buy/Buying Residential/Commercial/Agricultural Lands in Madurai, India

Realty/Realtors/Real Estate Guides - Buying Residential/Commercial/Agricultural Lands in Madurai, India -

There is a wonderful real estate/realtor guide from HDFC for choosing and buying land in Madurai, and in fact - anywhere in India.


* Budgeting
* Identification of Property
* Valuation
* Legalites
* Procedure of Purchase
* Technical Aspects Pertaining to Construction
* Possession

Please read the article here - Realtor/Real Estate Guide for buying land.

Sponsored by Sun City - Real Estate Agent, Madurai

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

Start a software product or services company serving Small and Medium Businesses in Madurai and India

Right time to start a software product or services company serving Small and Medium Businesses in Madurai and India

There are two factors which are haunting me.

One is -
Yahoo's news that Yahoo Software Development Pvt Ltd, India is keen to partner with entrepreneurs.
If you have a very good application software, local search engine, or any locally serving application, Yahoo is ready to look
into it and buy it or partner with us.

Even, Yahoo is ready to partner with the entrepreneur.

Check out this article in Business Line

Another one is -

Based on a recent statistics, there is going to be 21% increase in IT expenditure in Small and Medium Businesses in India.

That means, if you have a software company, which would serve with products and services to small to medium businesses in India,

then it would be the BEST.

You have a huge potential!!!

Think about it - Come with an idea and get going on serving Small to Medium Businesses. This will make sure you gain with the curve and get profited in Madurai and eventually in India.

RR Industries Madurai Ongoing Project: MADURAI TOWNSHIP

We have been hearing about RR Industries building the township in Madurai for IT Park. Here is their official information about their plan and township in Madurai -

This extract is from their website. Please read on -

RRI’s latest venture at Madurai, which will be developed by Rudradev Township Private Limited a Special Purpose Vehicle promoted by RRI. It will have all the core elements of function and quality with other equally essential ingredients, cutting edge technology, clean aesthetic design and affordability to produce a state of the art infrastructure facility.

It is proposed to build a township for the IT park facility just outside the city of Madurai in the name of Rudradev Township Private Limited. The main reason is that the present infrastructure in Madurai is not very good. So it is better to create the entire setup on the outskirts. The township will be one of the best in the country.

There will be no need for people staying in the township to go anywhere. It is estimated that 75000 people will work in the IT parks and a total of 90,000 people will work in the township so supporting 25000 families will be no problem.

300 acres of land is being bought for the same and may go up to 750 acres. The land is located 5 km south of the airport and 12 km south of the center of city. It is on a National highway which is being widened from a 2 lane to a 4 lane highway

The time frame being looked at is 5 years over which it is proposed to build

*
5 million square feet of IT space
*
25000 residential units
*
2 Hospitals
*
2 Hotels
*
4 Shopping complex
*
2 Multiplex
*
1 Club
*
Space for recreational activities
*
1 School
*
Water supply and sewerage system
*
Road system

LOCATION

The location of this new IT Park will be at Solankurini Village, Madurai. It is well connected by Road, Rail and Air. This site is located in an area which is classified as Industrial Zone. Electronics Corporation of Tamilnadu and SIPCOT also has plans to setup their units near to this place.

CONNECTIVITY

The proposed site is about 6 Kms from Madurai Airport and about 15 Kms from Railway Station. The proposed site is on Madurai Aruppukottai Road. In terms of road connectivity, the proposed site is well connected and has regular bus services plying on both the access roads. The roads have the potential to be made very wide.
PROPOSED INFRASTRUCTURE

The IT Park complex with multiple structures shall have the following facilities.


1. Core Software Development Center
2. Business / Convention Center
3. Infrastructure Services Block
4. Multi cuisine Cafeteria / Food Courts
5. Substations for Power and Utility services.
6. Water and Waste Treatment Plant
7. Recreation and Health Centre
8. Parking blocks /Driving range
9. Gymnasium/Walking Zones
10. Florist / Gift Shop
11. Swimming pool
12. Scenic environment with jogging tracks
13. Landscaping with arterial roads
14. Pocket parks and water bodies.
15. ISP Rooms
16. Fixed Double Glazed tinted windows for restricting heat and sound pollution
17. Electrical switchgear of excellent quality
18. Centralized water cooled power efficient Air-conditioning
19. TNEB connection for 40 000 kva
20. Back up power for 50000 kva
21. Multiple power risers with separate distribution box for each floor
22. Multiple risers at various shaft ways for data cabling
23. Smoke detection and alarm system
24. Sprinkler system / Water riser for fire safety
25. Access Flooring as per clients requirement
26. Water ring in the yard for fire safety
27. Rest Rooms for each floor and common
28. CCTV on the entire premise
29. ATMs
30. Special A/c (AHU) for server room
31. Incubation space for upcoming small units with good growth potential

The proposed facility will be compliant with the applicable international codes and standards for handicapped persons. All aspects of OSHA standard shall be taken care of in design and selection of material and services.

Here is the RR Industries Website explaining about Madurai Project

If you are interested, here is the Coimbatore Project

What is the outlook of foreigners about Madurai? - Madurai Tourism

What is the outlook of foreigners about Madurai?

Madurai is usually not known by anybody outside India.
If you ask anyone in India (say north indians), about Madurai - they would coin Madurai Meenakshi Temple.
Good enough...atleast they have heard and known about Madurai.

Few months back, Shilpa Shetty was popular due to Madurai's lawsuit. That is not Madurai is popular for!:(

Anyway, if you ask a foreigner, they would not have heard about Madurai - may be Madras they might know.
If the foreigner is kind of keen on international happennings and interested in tourism, then Madurai might make sense to him!

However, Madurai is seen as a tourist destination for international and national tourists.
The international tourists usually plan to drop by Madurai, on the way to Kanyakumari or in their South India tour.

Overall, Madurai is seen as an ancient historical place and good for tourism.

OK, if it is a tourism destination, how much is government allotting for tourism development in Madurai?
Is Madurai Corporation and Madurai Government concentrating on tourism development in Madurai?

OK, these days there are too much talk about Madurai IT Park?
There are small businesses in and around Madurai.

OK, let us wait and see if the outlook of Madurai changes to a commercial, IT second tier Hub or and as a international trade location.

Will Madurai ever be seen in the Business Map of the World?
Will ever Foreigners outlook of Madurai expand and extend from Toursim to other industries as well?

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!!!

Sub-Contracting or Sub-Outsourcing to Madurai - Existing Madurai Software Companies or a new Madurai office

Advantages of Sub-Contracting or Sub-Outsourcing to Madurai Software Companies OR a new Madurai office for the Software Company XYZ:

1) Software Company XYZ could get the resources from Madurai.
2) Next to Honeywell's branch development office in Madurai, Software Company XYZ will be joining the group of software companies there.
3) Anything you spend in Madurai, you will be spending only one-fourth of the amount, which you might have spent in Hyderabad. For example, if Software Company XYZ is spending Rs.20,000 as CTC for a particular resource, we will be spending only Rs.5,000 in Madurai, in order to complete the same amount of work, without compromising quality. This advantage does not stop with the human resources only. This advantage could be tapped in other expenditures, in fact in infrastructure too. This is because Madurai is one of the secondary cities in India.
4) There are lots of Engineering, Arts colleges and one Madurai Kamaraj University for finding engineering and arts resourced skill sets.
5) Most of the work from Tier-1 City office can be sub-contracted to Madurai office or in fact, Tier-1 City office and Madurai office can work together to accomplish the projects.
6) This is kind of sub-outsourcing, but we get lot of advantages in terms of cost, without compromising the quality.
7) Please let me know if you need more information about Madurai.
8) Software Company XYZ is able to expand its development offices in India. One in Tier-1 City and another in Madurai.

What does global IT slowdown mean for Madurai?

What does global IT slowdown mean for Madurai?

We are hearing news all over about IT slowdown happenning in US. The reason - Financial institutions are affected due to real estate being down in USA. Many foreclosures and lot many issues related to real estate going in USA. Since Financial market is suffering IT suffers too.

On the other hand, we are happily talking about IT park in Madurai. Is that OK to be happy about it?! Answer is YES. Here is some analysis....

Any major change as a result of happenings across the world would happen in one or two quarters. The global effect on financial services will affect other sectors like IT, including retail.

However, new industries like airline are opening up and will spend more on IT. The Indian market is also expanding for IT services. Say for example - Wipro, 18-20 per cent of revenues come from the domestic business. This will only grow faster.

Madurai IT Park is something provisioned by the government with proper infrastructure improvements like international airport in madurai, road and rail infrastructure improvements in madurai. Government has elected ELCOT to do all the work related to IT Park in Madurai.

Now, once the IT park is built, all the IT companies would wish to have their centre in second tier city like Madurai for sure. The reason is it will be much cheaper to operate from a second tier city like Madurai, assuming the infrastructure improvements.

IT slowdown is usually temporary and this time also it is temporary. Financial industry is stronger in USA and it will come back to normal and it will go up more. Considering the fact that the government is changing in US, things would change globally too, since there would global policy changes. These disturbances in the market are normal and we have to get tied to the wave and come back to normal sooner.

As we grow as human beings, we always need IT and related industries to run and serve.

Hence, Madurai IT Park is good to go.

Madurai's potential explained by CII official

The Tamil Nadu government should shift investments in the automobile manufacturing sector to South Tamil Nadu as Chennai, a CII official Pradipta K.Mohapatra, Chairman, CII Southern Region said.

The government should now make Madurai a Hub for auto component manufacturing.

He said there was also a need to have Special Economic Zones on Textiles, rubber and auto spares.

Stating that quality of life would comprise quality housing, hotels, medical care, entertainment and shopping, he said more malls and multiplexes should come up. The city should also privatise garbage removal, he said.

He said Madurai and surrounding areas could also be tapped for their potential in Handicraft.

Madurai ELCOT proposal and profile

Madurai's profile prepared by ELCOT. Check it out -

About 50 acres at Illandaikulam village in Madurai North - 4 kms from city limits.

Around 257 acres at Vadapalanji village in Madurai South in Tirumangalam Taluk - opposite to Madurai Kamaraj University.

http://www.elcot.in/elcot_images/madurai.swf