"MSME Expert Committee recommends lease of SIDCO’s facility to TREAT Cluster to secure Railway order
The Expert Committee for Revival of MSMEs in Tamil Nadu has recommended the lease of the siding facility at SIDCO Industrial Estate at Tiruverumbur, which is presently under the control of TANSI, to Tiruchi Engineering and Technology (TREAT) Cluster, to enable the beleaguered fabrication industries in the region to fabricate railway bogies.
Out of the 450 enterprises, 36 enterprises have closed their operations in a span of four to five years from 2014, and 52 enterprises have been categorized as NPA from 2016 onwards. Out of these 52 enterprises, 13 enterprises have wound up their operations. The TREAT cluster has already got the approval from Railway Board for the fabrication of railway bogies. The siding facility, which is currently not in use, being a pre-requisite for participating in railway tenders, could be leased to TREAT cluster, the expert committee has recommended, estimating the huge requirement for rail Wagons to reflect in 30,000 metric tonnes requirement, citing the capacity limitations of the Golden Rock Workshop.
Read more at The Hindu