Facing several challenges in the last few years and feeling neglected by the State government, the Industrial Estate Manufacturer’s Association (IEMA) has written to Chief Minister Edappadi K. Palaniswami urging him to look into their issues immediately.
In the letter, the association said many MSME’s here would have to wind up operations if the government failed to intervene in the next few years.
From getting pattas to the high cost of lands in the SIDCO industrial estates, the association sought changes in the bureaucracy and bail-out packages for sick units.
The IEMA mentioned that the patta for estate unitholders has been pending for fifty years. Despite several representations to the State government, no action was taken. Pattas are important especially when they want to obtain bank loans, it said.
Old timers who have their units at the SIDCO estates lamented that new entrepreneurs are not interested in setting up shop in the estates anymore. “Even existing firms don’t want to expand here because of the high cost of plots,” a member said.