How difficult is taking industries down south?
It has been a constant need. A dedicated corridor like the MaduraiTuticorin industrial corridor was announced by Kalaignar Karunanidhi in 2009. Unfortunately, nothing happened in the past 10 years. An SPV was established to attract investments there, but it never took off. There was no focus or thrust. Soon you will see more investments in southern Tamilnadu. A dedicated furniture park is coming up in Tuticorin. Investments are coming in the solar and wind energy sectors; textile factories are evincing interest.
What is being done to meet the changing industry needs?
It is important to have workers near the place of work for operational efficiency. Sipcot has established residential quarters for garment unit workers in Tirupur, similar to the Chinese model. They are in the process of setting up one more in Oragadam for Foxconn. We will look at setting up such facilities wherever the industry needs.
Most of the software professionals working in Chennai are from southern Tamil Nadu. They can work from these towns. There will be huge cost benefits. We have started discussions with software companies to go to tier II cities where we have announced three Tidel parks. Zoho Corporation is a story worth emulating. HCL Tech is becoming big in Madurai.
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