Latest news with #Tidco
Time of India
6 days ago
- Business
- Time of India
Defence testing lab to come up at Sidco estate in Trichy
1 2 Trichy: Tamil Nadu Industrial Development Corporation (Tidco) has finalised a 1.4 acre site inside Thuvakudi Small Industries development Corporation (Sidco) industrial estate near NIT Trichy to develop Advancing Mechanical & Material Defence Testing lab at an outlay of Rs 50 crore. The integrated testing facility will function under public-private collaboration involving major public sector companies including BEML and HAL to engage in high-end testing and certification of materials for aerospace and defence companies in the state. Proposed under Defence Testing Infrastructure Scheme (DTIS), the lab, named System Testing and Research in Advanced Material (STREAM) foundation, will have comprehensive infrastructure comprising at least 40 testing machinery on 13,000 square feet floor space. As the state govt already has a built-up space of 3,000 square feet in Thuvakudi Sidco complex, Tidco has simultaneously launched procurement procedures to buy material testing equipment while expanding the built-up space. "The aerospace and defence testing lab will decentralize the investment and boost Tamil Nadu's leadership in defence and aerospace sector. Since Trichy as a node of the defence industrial corridor has an established ecosystem for metal fabrication, the lab will be a game changer," Wing Commander P Madhusoodhanan, vice-president, (aerospace and defence), Tidco, told TOI. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký Undo As the aerospace and defence sector requires high quality standards, lack of a comprehensive material testing facility in Trichy was so far discouraging industries from exploring new business areas. Once the facility becomes operational, testing requirements will be satisfied locally, said Tidco officials. "The material testing lab in Thuvakudi is set to play an important role in the state's industrial ecosystem. Skill development service for workers will be provided at the lab. Volume of production done by local companies will certainly increase. Initially, around 30-40 people will be employed in the testing lab," Angayasamy Subbiah, managing partner, Vaidheswaran industries, an industry partner of the proposed STREAM Lab, said. The proposed common testing facility will provide quality certification and validation services for local industries to manufacture products for major defence and aerospace companies. "Not only defence and aerospace, even ancillary units of Bhel Trichy will benefit since material grade and quality testing is a key component in manufacturing," N Kanagasabapathy, coordinator, Bhel small-scale industries (Bhelsia), said. The integrated testing lab is set to become operational by December. Tidco said that the lab will run as a non-profit company, generating revenue only to sustain the operations and maintenance.
Time of India
18-05-2025
- Business
- Time of India
Tamil Nadu bets big on warehousing policy
Two weeks ago, Tamil Nadu govt officials announced that the state was going to soon release a policy on warehousing with a focus on the delta districts. Given that the state integrated logistics policy and action plan (ILPAP) was prepared in 2023, why a warehousing policy? A dedicated warehousing policy, expected to be launched by Oct 2025, could serve as a benchmark for integrating storage solutions in the entire logistics value chain, says state industry secretary V Arun Roy. Tired of too many ads? go ad free now The ILPAP is focused on "overall logistics movements in the state", he adds. A few national and international developments have made a warehousing policy imperative. First, the Union govt announced development standards for warehouses, which provides guidance on specific cargo type and services. "The (TN) policy would focus on warehousing as a sub-sector of the entire logistics ecosystem," says Roy. Second, the new US tariffs have opened up investment and expansion opportunities for TN and an efficient warehousing roadmap is critical to making the most of them. Tamil Nadu Industrial Development Corporation (Tidco) MD Sandeep Nanduri says, the state govt plans a "robust institutional mechanism" to support growth of the warehousing sector. At the heart of this plan is a more commodity-based approach instead of a one-size-fits-all policy. "This will ensure a broader coverage, from perishables to automobile, from cement to electronics, considering the diverse commodity profile of the state," he adds. Currently the state govt is consulting multiple stakeholders. "The policy aims to establish warehousing clusters in tier-2 and tier-3 cities that could seamlessly integrate with TN's industrial development plan," says Roy. Tamil Nadu is looking to develop several "logistics parks or MMLPs (multi-modal logistics parks), dry ports and other road and rail-based freight terminals, working with central logistics agencies and private players through PPP", he adds. Tired of too many ads? go ad free now Two major investments on this front are (Chennai) and MMLP Coimbatore. "Mappedu is expected to be completed by 2027 following which the second phase would be constructed," says Roy. "We are in advanced stages of land acquisition near Coimbatore." The state's warehousing capacity is between 10-15 million sqft with large third-party logistics clusters in Chennai and Coimbatore. Chennai alone contributes more than 5 million sqft of warehousing volume, and Coimbatore contributes another 2 million sqft. The fragmented warehousing market in tier-2 and tier-3 cities is yet unaccounted for. With the new policy, govt would streamline the registration process, which would allow it to monitor the available space and gaps. "The focus of the warehousing policy is to capture the untapped potential of cities such as Hosur, Trichy, Madurai, Tuticorin etc," says Arun Roy. The policy focuses on the delta region because it is the hub for perishables, . "The region has a huge potential for development of cold storage facilities for domestic as well as export-oriented supply chain," says Arun Roy. Logistics experts say that apart from attracting new investments, the policy will also cater to existing investors. "Given TN's strong agricultural and horticultural base, developing infrastructure with temperature control and storage segregation that are integrated with downstream industries will greatly reduce wastage and improve value realisation for our farmers," says R Dinesh, chairman, TVS Supply Chain Solutions. Also, he adds, warehouses near manufacturing clusters should "align with production clusters and their supply chain needs". What will help is the development of a key transshipment hub in neighbouring Kerala. "India's first deepwater transshipment port at Vizhinjam is being built by Adani. Once fully operational, containers that are headed to Colombo for transshipment can be routed to Vizhinjam. This opens up a big warehousing opportunity for both north and south TN particularly Tuticorin, Tirunelveli and Kanyakumari," says Rejyson Samuel, director & CEO, Sandook Logistics.
Time of India
18-05-2025
- Business
- Time of India
Win with warehouses
Two weeks ago, Tamil Nadu govt officials announced that the state was going to soon release a policy on warehousing with a focus on the delta districts. Given that the state integrated logistics policy and action plan (ILPAP) was prepared in 2023, why a warehousing policy? A dedicated warehousing policy, expected to be launched by Oct 2025, could serve as a benchmark for integrating storage solutions in the entire logistics value chain, says state industry secretary V Arun Roy. The ILPAP is focused on "overall logistics movements in the state", he adds. A few national and international developments have made a warehousing policy imperative. First, the Union govt announced development standards for warehouses, which provides guidance on specific cargo type and services. "The (TN) policy would focus on warehousing as a sub-sector of the entire logistics ecosystem," says Roy. Second, the new US tariffs have opened up investment and expansion opportunities for TN and an efficient warehousing roadmap is critical to making the most of them. Tamil Nadu Industrial Development Corporation (Tidco) MD Sandeep Nanduri says, the state govt plans a "robust institutional mechanism" to support growth of the warehousing sector. At the heart of this plan is a more commodity-based approach instead of a one-size-fits-all policy. "This will ensure a broader coverage, from perishables to automobile, from cement to electronics, considering the diverse commodity profile of the state," he adds. Currently the state govt is consulting multiple stakeholders. "The policy aims to establish warehousing clusters in tier-2 and tier-3 cities that could seamlessly integrate with TN's industrial development plan," says Roy. Tamil Nadu is looking to develop several "logistics parks or MMLPs (multi-modal logistics parks), dry ports and other road and rail-based freight terminals, working with central logistics agencies and private players through PPP", he adds. Two major investments on this front are MMLP Mappedu (Chennai) and MMLP Coimbatore. "Mappedu is expected to be completed by 2027 following which the second phase would be constructed," says Roy. "We are in advanced stages of land acquisition near Coimbatore." The state's warehousing capacity is between 10-15 million sqft with large third-party logistics clusters in Chennai and Coimbatore. Chennai alone contributes more than 5 million sqft of warehousing volume, and Coimbatore contributes another 2 million sqft. The fragmented warehousing market in tier-2 and tier-3 cities is yet unaccounted for. With the new policy, govt would streamline the registration process, which would allow it to monitor the available space and gaps. "The focus of the warehousing policy is to capture the untapped potential of cities such as Hosur, Trichy, Madurai, Tuticorin etc," says Arun Roy. The policy focuses on the delta region because it is the hub for perishables, agro and fishing industries . "The region has a huge potential for development of cold storage facilities for domestic as well as export-oriented supply chain," says Arun Roy. Logistics experts say that apart from attracting new investments, the policy will also cater to existing investors. "Given TN's strong agricultural and horticultural base, developing infrastructure with temperature control and storage segregation that are integrated with downstream industries will greatly reduce wastage and improve value realisation for our farmers," says R Dinesh, chairman, TVS Supply Chain Solutions. Also, he adds, warehouses near manufacturing clusters should "align with production clusters and their supply chain needs". What will help is the development of a key transshipment hub in neighbouring Kerala. "India's first deepwater transshipment port at Vizhinjam is being built by Adani. Once fully operational, containers that are headed to Colombo for transshipment can be routed to Vizhinjam. This opens up a big warehousing opportunity for both north and south TN particularly Tuticorin, Tirunelveli and Kanyakumari," says Rejyson Samuel, director & CEO, Sandook Logistics.
