The State Budget for 2024-25 drew a mixed response with the industry representatives largely welcoming the announcements and allocations for industrial parks in Tiruchi region.
An allocation of ₹345 crore for establishing a TIDEL Park on 6.3 lakh sq. ft of land in Tiruchi, a SIPCOT industrial park at Sengipatti in Thanjavur district at an estimate of ₹120 crore; a new industrial estate dedicated to Micro, Small and Medium Enterprises in Thiruthuraipoondi Taluk in Tiruvarur district; a mini textile park in Karur; and an apparel cluster proposed at Rangiyam in Pudukottai district are among the prominent initiatives for the central region announced in the Budget.
The Tiruchi District Tiny and Small Scale Industries Association (TIDITTSIA) welcomed the allocation of funds for the industrial parks, technology upgrade in spinning sector and for fostering start-ups and new entrepreneurs. However, it expressed regret over the absence of any announcement on the demands of existing entrepreneurs in the State, especially with respect to the recent power tariff increase.
