Investment Opportunities in Vellore
Tamil Nadu Industrial Explosive Ltd. manufactures emulsion explosives etc. and exports to Sri Lanka, Maldives, Egypt, Indonesia etc. Other manufacturing units like E.I.D Parry Ltd. Ranipet, Malladi drugs and Pharmaceuticals Ltd. in SIPCOT Industrial Complex Ranipet, BHEL (Bharat Heavy Electrical Ltd.) have generated employment opportunities for people here.
In recent times, growth has been witnessed in industries manufacturing sugar and jaggery,textiles, auto parts, fertilizers, food processing, steel castings, synthetic fibres, leather goods etc. in Vellore.The main occupation of people residing in rural areas is weaving, beedi and matchstick rolling. Only a few have taken to agriculture.
District Industries CentreIn order to provide services and support to entrepreneurs and address their problems, District Industries Centre is functional at the district level for implementing schemes launched by Central and State Government. Registration of all the small Scale Industries is completed at District Industries Centre.
Information Technology in VelloreIT Companies, BPO Companies, graphic designers, website development and hosting companies are much in demand in Vellore nowadays. Businessmen are conversant with advantages of making their presence felt globally through the Internet and even make profits from e-commerce. Man power is available for IT industries as there are a number of technological colleges and training institutes in Vellore.
Today, even patients first visit websites and take online consultation and fixed dates for meeting from their concerned physician before landing in Vellore for treatment. This saves much time and effort, thanks to information technology.
VAIT - Vellore Association for Information Technology was set up in 2003 for creating awareness about latest developments in the field of IT, exhibit IT related products, company-customer interaction and welfare of dealers and customers.VAIT conducted a consumer product exhibition named as 'The Great Vellore Bazaar' to reach out latest trends to general public.
IT Parks have been envisaged for Tier-II cities such as Madurai, Tiruchirapalli, Hosur, Salem, Coimbatore, Tirunelveli, and Vellore. This will be done in collaboration with Government and public private partnership (PPP) mode. The Government of India declared Sholinganallur IT Park as Sector Specific Economic Zone in April, 2007.
The quality of life of citizens has become better by e-governance and people in rural areas too are becoming empowered in this digital age. Tirunelveli, Salem, Tiruchy, Madurai, Coimbatore, Hosur, Chennai are Special Economic Zones (SEZ).
Electronic units in Vellore district have called on Department of Electronics and Information Technology (DeitY) and Ministry of Communication and Information Technology to approve Vellore district as a Brownfield Electronic Manufacturing Cluster (BEMC). This would entitle members to the benefit of subsidy under the M-SIPS (Modified Special Incentive Package Scheme). They would then be able to expand units in service and electronic manufacturing industry.
Why Invest in VelloreVellore is an educational hub and is more famous also for medical tourism. It is fast growing not only in terms of industrialization and information technology but also the service sector too is booming and contributing to the economy of this place. With health sector, there is growth in related businesses such as testing labs, X-Ray clinics, hotels, creches, restaurants etc. Leather industry is at its best right now exporting a chunk of finished products to foreign lands. There has been considerable infrastructural development.Other medium and small scale industries too are gaining momentum. Road and rail connectivity is good. So,the future looks bright for Vellore as far as economy and business is concerned.
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