COINDIA president G. Rajendran (third right) and vice-president C.R. Swaminathan (left) handing over a site document to a beneficiary at the inauguration of the foundry complex-II at Kallapalayam in Coimbatore on Sunday. Coimbatore Industrial Infrastructure Association (COINDIA) handed over site documents on Sunday to beneficiaries of the Foundry Complex coming up at Kallapalayam, 22 km from the city.
Association president G. Rajendran told presspersons here on Saturday that the complex would have 27 foundries, including non-ferrous, cast iron and steel foundries and machine shops. COINDIA provided all common facilities at the 27-acre complex at a cost of Rs. 1.4 crore. With the handing over of the site documents, the units would develop their worksheds in 12 to 18 months.
The complex was developed in association with Coimbatore Foundry and Industry Owners Association (COFIOA). The COINDIA project was launched in 2005 and so far projects worth Rs. 55 crore were completed. This included common modern tool rooms, foundry complexes and rapid prototyping machines. Almost 97 per cent of the programmes planned in the project was completed and 75 per cent of it was commissioned.
The first foundry complex came up at Arasur on 102 acres at a cost of Rs. 5 crore for common facilities. The second one was in Kallapalayam and the third one at Manickampalayam. A total of 192 units would come up on 180 acres in these three complexes. These were not only relocating from the city, but also expanding and modernising the facilities. At Kallapalayam, about Rs. 25 crore would be invested by the units in the first phase for plant and machinery. Mr. Rajendran said the units were allotted a minimum of 25 cents each. Some of the common facilities provided were crèche, laboratory and meeting halls.