Diversified conglomerate ITC plans to invest Rs 1,540 crore in the next two years to expand production capacity for paperboards and specialty papers.
“We are creating two centres of board manufacturing in Bhadrachalam and Coimbatore units. In Bhadrachalam (Andhra Pradesh), we will make an overall investment of Rs 1,100 crore by April 2008,” ITC Paperboards and Specialty Division chief executive Pradeep Dhobale said.
The company would invest Rs 440 crore by October 2008 in a plant near Coimbatore in Tamil Nadu, he added.
With the expansion, total paper production capacity at the Bhadrachalam plant would go up to four lakh tonnes per year by April 2008 from three lakh tonnes now, he said.
ITC has got clearance from the ministry of environment and forests for expansion of Bhadrachalam plant and was awaiting clearance for investment in Coimbatore plant, Dhobale added.
ITC’s Kovai unit in Coimbatore, which produces paper from recycled fibres, would increase its total annual capacity to 1.80 lakh tonnes by October 2008, from one lakh tonnes at present, he said.
Source: DNA India
Tuesday, December 26, 2006
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The talk of the town is lack of infrastructure. But who is responsible? No one wants to put their minds into it.
1. The backbone of Coimbatore economy-if you leave out Tirupur- are its small scale Industries.
2. It is the Enterpreneurial engineering community that has sweat its blood in the Heat and Dust of Foundries and machine rooms to bring about a sea of change in the Coimbatore Economy which at one point of time was solely dependent on Textile Mills.
3. The CODISSIA Trade Fair Complex is the True sign of TEAM work of the small scale industries in coimbatore.
4. Today the Hardwork is forgotten and everybody tries to look at Coimabtore as a land of opportunity to make litte or big money in the shortest possible time.
5. It is sad to see that the list includes the very own people who stood by the City's growth over the decades.
6. It is hard to believe that everyone around belive that one TIDEL park or One software company from Chennai or Bangalore can take Coimbatore's economy to the heights that has not been achieved over the years by traditional home grown engineering and electronic giants like LMW / PRICOL / ELGI / Roots & others
7. The Kalappatty centered LAND GRAB sunami has eaten away all the lands possible in every possible direction to an extent of 50 kms around.
8. Suddenly everybody are Crore pathys and everybody is building their life time projects worth in crores
9. But SAD no one wants to pay even the basic approval charges or the development charges to the corporation or the local bodies.
10. The new born Crore pathies are spreading their wings using Bikes and Cars with only the same stretch of Avanashi road and sathy which have not seen any development over the decades.
11. The Hopes bridge which is the GATEWAY to the city now needs to take all this new load and also the additional load from Trichy road as the ONDIPUDUR overbridge is incomplete for ages because of not enough funds allocated.
12. Those Intermediaries and Brokers who earned in Crores over the last two years by over falsifying Coimbatore's destiny, even if they pay 10% of their profits to the development of the City, the new mayor's dream of making Avanashi Road an express way will be achieved in no time.
13. Added to the Woes of the small scale units is the labour shortage witnessed by the Industry in the last 6 months. Now every one of them are trying to bring in forces from Bihar or UP.
14. So, if you are someone who loves Coimbatore, it is time to understand that the crisis is not on the roads but in the minds of the people who are tyring to kill the city for their short term benefits.
15. The future of Coimbatore lies only in Small Scale Industries and the best way to help Coimbatore is to help its SSIs to become competitive in the Global Market place by R&D and a planned Development over the coming years as it had been before.
16. If the priorities are not understood, it will be a disaster for Coimbatore's economy with Industry loosing its grip to the non productive service sector which will only help sort term money making.
17.If the same trend continues there will be only non-productive FLATS and CARS in Coimbatore than the Revenue earning / employment generating Industries
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