₹13.95-crore coir cluster project backed by State govt. commissioned in Mudalipalayam village

TIRUPPUR A major coir industrial cluster project: Amaravathy Coir Producer Company Limited, has been established at Mudalipalayam village in Kangeyam Taluk of Tiruppur district, with State Government’s contribution of ₹ 8.75 crore. The facility spanning 5.20 acres, an outcome of formation of the Special Purpose Vehicle (SPV), consists of 34 member enterprises that have together pooled in ₹5.20 crore. The ₹13.95 crore funding utilised for construction of factory buildings and other infrastructure, and the purchase of machinery and equipment envisages generation of 150 direct jobs and 100 indirect jobs, according to officials.

The facility would manufacture value-added coir products such as coir yarn, dyed coir yarn, geotextiles, coir mats, and floor coverings. Chief Minister C. Joseph Vijay inaugurated the Amaravathy Coir Producer Company through video conferencing from Chennai Secretariat, on Wednesday (November 4).

State Health Minister and Tiruppur District In-Charge K.G. Arunraj inspected the facility.