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:
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)