You are here:
IMPORTANT PROJECTS OF COIMBATORE DISTRICT
CODISSIA Trade Fair Complex
The pride of CODISSIA is the CODISSIA Trade Fair Complex. The complex has become an important landmark in the city. The fame of the complex has spread far and wide across the country in the industrial and trade fair circles. It has also spurred the imagination of other cities which have subsequently developed similar complexes. It is the vision of CODISSIA to make Coimbatore the trade fair capital of South India.
Trade Fairs and Exhibitions play a vital role to promote the economy of the region. With this in view CODISSIA has been organising exhibitions since 1982.
CODISSIA organized ENDEX ’82, an entrepreneurial development exhibition which provided a platform for entrepreneurs to display their products at the President Hall, Avanashi Road.
CODISSIA decided to establish a Permanent Trade Fair Complex in Coimbatore. It formed a Trust – CODISSIA INTEC Technology Centre and acquired 40 acres of land near the Airport, in Vilankurichi Village for this purpose. The building with an area of 1,60,000 Sq. feet was built in 160 days between August and December 1999. The Complex has 2 A/c Halls of 210 Sq. Metres each for holding Seminars, Meetings, Group discussions etc. There is an open space of 2000 Sq. metres suitable for Open Air events, parties, outdoor display etc. The Trade Fair Complex has facilities for communication, space for Food Court and facilities for parking for more than 3000 cars and 5000 two wheelers at a time.
TIDEL Park, Chennai, Tamilnadu, India is a leading, successful Information Technology Park (IT Park) conceived and developed for the development of IT industry in the state of Tamilnadu. The main promoters of this IT facility are Tamilnadu Industrial Development Corporation Ltd (TIDCO), the premier Industrial Development Organisation and Electronics Corporation of Tamilnadu (ELCOT), another state owned organization engaged in the promotion of Electronic industries in Tamilnadu.
TIDEL is a well known and reputed brand. Having established high standards of quality and service, TIDEL Park is Providing its experience and expertise in the IT infrastructure to develop a world class IT Park at Coimbatore.
TIDEL Park Coimbatore Ltd is Constructing an IT Park in the IT-SEZ of ELCOT at Coimbatore, Tamilnadu, India. It is located very close to the Coimbatore Airport on the Avinashi Road, adjoining Coimbatore Medical College. Total built-up area will be about 1.7 million sq.ft. and will have the flexibility to accommodate IT companies of various sizes (small, medium & large). The Building & facilities will meet the requirements of IT companies and of international standards. Similar to the TIDEL Park – Chennai, this facility at Coimbatore will adopt latest technologies to make it truly a world class IT facility. To name a few, the IT Park will have the following facilities.
Connectivity – High speed data & Voice communication back bone by multiple service providers
100% back up for power & communication facilities
Intelligent Building Management System
Auditorium / Conference Halls with Video Conferencing facilities
Food Courts, Banks and other support services facilities time.
SPECIAL ECONOMIC ZONES IN COIMBATORE DISTRICT
Coimbatore – Manchester of South India
Coimbatore is one among the industrially developed and commercially vibrant districts of South India and second largest city in Tamil Nadu. It has got high concentration of small scale industries and medium and large industries. It is known for its industrial hub, educational institutions, healthcare facilities, pleasant weather, friendly culture and hospitality.
Coimbatore is well connected to almost all major cities of India. It serves as an entry and exit points to neighboring Kerala and the ever popular hill station of Udhagamandalam(Ooty). It is about 500 Kms away from Chennai and 335 Kms from IT City, Bangalore.
Coimbatore SEZ – Boon to textile Industry
It is one of the biggest textile market in India and also one of the biggest production centre for yarns, fabrics, machinery, made-ups and accessories.
Tirupur in Coimbatore District is being called “ Town of Export Excellence”. It accounts for 56% of India’s total knitwear exports.
The availability of spinning, weaving, knitting, machinery manufacturers, stitching, made-up manufacturers, textile accessories and huge export exposure makes it the best site of a Textile Sector Specific Special Economic Zone.
The units setup in this zone would have availability of cheap and expertise manpower due to presence of this industry from past many decades as well as many technical colleges, access to cheap raw material, machinery as well as market for both domestic and export.
Income tax exemptions and benefits for 15 years as per Income Tax Act
Exemption from customs duty on import of capital goods, raw materials, consumables, machinery, spares etc.
Exemption from Central Excise duty on procurement of capital goods, raw materials, consumable spares etc. from the domestic market.
Exemption from Service Tax
Exemption from Central Sales Tax on Domestic purchases
Exemption from Custom and Excise duty on goods for setting up units in the zone.
Benefits on Foreign Exchange Regulations
100% Foreign Direct Investment in manufacturing, sector allowed through automatic route barring a few sectors.
Facility to retain 100% foreign exchange receipts in EEFC Account.
Facility to realize and repatriate export proceeds within 12 months.
Re-export imported goods found defective, goods imported from foreign suppliers on loan basis etc. without G.R. Waiver under intimation to the Development Commissioner.
“Write-off” of unrealized export bills up to 5%.
Commodity hedging by SEZ units permitted
Capitalization of import payables
No cap on foreign investment for SSI reserved items.
Profits allowed to be repatriated freely without any dividend balancing requirement.
Hassle free Working
No license required for import.
Supplies from DOMESTIC traffic area to SEZ units treated as deemed exports.
SEZ units may be for manufacturing, trading or service activity.
Exemption from industrial licensing requirement for items reserved for SSI sector.
Domestic Sales on full duty subject to import policy in force.
No fixed wastage norms.
Full freedom for subcontracting including subcontracting abroad.
Duty free goods to be utilized within 5 years.
Job work on behalf of domestic exporters for direct export allowed.
No routine examination by Customs of export and import cargo.
No separate documentation required for customs and Exim Policy.
In house Customs Clearance.