Economy
Currently, Perambalur district is the top maize and Onion (small) producer in Tamil Nadu, with 27% and 50% of the state's share respectively.
Perambalur is planning to set up multi-product SEZ over an area of 5000 acres (20 km²) specializing in high-technology by SREI Infrastructure Finance Ltd through a Joint Venture with TIDCO (Tamil Nadu Industrial Development Corporation). The SEZ will have linkages to Cuddalore, Pondicherry & Chennai Ports, Railway line and Trichy Airport. This SEZ will bring in high-technology industries, MROs, biotechnology, pharmaceutical companies, textile & leather clusters. The project is being developed with world-class infrastructure to be able to compete with the best investment centres in the world. Perambalur SEZ has a large hinterland that offers huge labour force. The SEZ is well connected with all major cities/regions of the country with excellent road/rail network. The SEZ will focu on testing & certification facilities, warehouses, and infrastructure on demand etc. In addition, residential & recreational complexes are planned within the SEZ. Most of the leading Nationalised Banks including Axis Bank, HDFC, ICICI, SBI, Bank of Baroda, canara bank, IOB, Indian Bank has opened their branches at perambalur.
Read more about this topic: Perambalur District
Famous quotes containing the word economy:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)