Are you a native of Karur or Trichy? Want to Buy house in Karur?

Are you a native of Karur and/or you want to buy house in Karur - either for your stay or as an investment - there are beautiful villas built by a reliable builder - VaudeVille Foundation Homes Pvt. Ltd.,

Karur is famous for its industries and the banks. It is a very good investment opportunity for those who are related to Karur in some way of other.

Please check out http://www.oruacre.com/Listing/Banner/1489.html or VaudeVille Foundation Homes.

This is a great opportunity for investment of around Rupees 22.5 Lakhs.
Contact Janar Babu - 9994934638

Are you a native of Karur or Trichy? Want to Buy house in Karur?

Are you a native of Karur and/or you want to buy house in Karur - either for your stay or as an investment - there are beautiful villas built by a reliable builder - VaudeVille Foundation Homes Pvt. Ltd.,

Karur is famous for its industries and the banks. It is a very good investment opportunity for those who are related to Karur in some way of other.

Please check out http://www.oruacre.com/Listing/Banner/1489.html or VaudeVille Foundation Homes.

This is a great opportunity for investment of around Rupees 22.5 Lakhs.
Contact Janar Babu - 9994934638

Karur Hospital upgrades

Six Government hospitals in Karur district are set to get new and additional buildings at an estimated cost of Rs 7 crores. Civil works have commenced for the projects. It has also been planned to upgrade facilities in 270 Government hospitals across the State at a cost of Rs 55 crores.

Karur Hospital upgrades

Six Government hospitals in Karur district are set to get new and additional buildings at an estimated cost of Rs 7 crores. Civil works have commenced for the projects. It has also been planned to upgrade facilities in 270 Government hospitals across the State at a cost of Rs 55 crores.

Importance for Textiles Park in Coimbature, Karur and Chennai

the Centre was also aware that textile sector held the second-most important position in the economy which needs to be nurtured and his Government would continue to pay attention on this sector.

Describing the Palladam hi-tech weaving park as a novel attempt , Mr Chidambaram said the weaving park with an infrastructure spend of Rs 55.42 crore, of which the Government subsidy alone stood at Rs 22.17 crore, and weavers investment of Rs 160 had potential to provide 5,000 jobs to rural people. Of the 30 such textile parks sanctioned by the Centre across the country, six parks are to be established in Tamil Nadu. Two parks — Palladam weaving park and the Kumarapalayam Hi-tech weaving park in Kumarapalayam — were inaugurated today. The establishment of four more parks – in Karur, Perundurai, Chennai and Cuddalore – are to follow suit, Mr Chidambaram added.

Please read more

Importance for Textiles Park in Coimbature, Karur and Chennai

the Centre was also aware that textile sector held the second-most important position in the economy which needs to be nurtured and his Government would continue to pay attention on this sector.

Describing the Palladam hi-tech weaving park as a novel attempt , Mr Chidambaram said the weaving park with an infrastructure spend of Rs 55.42 crore, of which the Government subsidy alone stood at Rs 22.17 crore, and weavers investment of Rs 160 had potential to provide 5,000 jobs to rural people. Of the 30 such textile parks sanctioned by the Centre across the country, six parks are to be established in Tamil Nadu. Two parks — Palladam weaving park and the Kumarapalayam Hi-tech weaving park in Kumarapalayam — were inaugurated today. The establishment of four more parks – in Karur, Perundurai, Chennai and Cuddalore – are to follow suit, Mr Chidambaram added.

Please read more

Chennai, Coimbatore, Dindigul and Chennai: Tier-1, Tier-2, Tier-3 and Tier-4 Cities of tamil nadu

Please refer to the map above for the districts/cities we refer to.

Government has divided the districts into four different categories, based on the level of existing development, infrastructure and the level of infrastructure and development needed in the years to come.

As years go by, if the cities progress, the city moves to upper tiers.
The four tiers are Tier-1, Tier-2, Tier-3 and Tier-4 cities.

For example, Tier-1 constitutes Chennai. Tier-2 constitutes Coimbatore, Chennai, Trichy etc., Tier-4 constitutes Dindigul.

Coimbatore is a strategic development centre for Cognizant like software companies, similar to the ones we have in Chennai, Kolkata, Pune, Bangalore, Hyderabad and Mumbai. Cognizant is committed to grow the centre, leveraging the rich talent pool of technical professionals in the region.

Coimbatore will soon emerge as a Tier-1 city for IT in one year, based on the growth we are seeing.

It is not only Coimbatore that is on the Tier-2 city map of Tamil Nadu, but also Trichy, Chennai, Salem, Hosur and Tirunelveli.

Other than Coimbatore, Tamil Nadu is trying to develop Tier-2 cities spreading across the entire state; from Chennai at the northern end to Tirunelveli at the southern tip. Sekar Ponniah of Global Software Solutions (TVL) Pvt Ltd started a 100 % Export Oriented Unit located at Tirunelveli in the year 2000.

While we look at the map above, Dindigul, which is a Tier-4 cities, is strategically located between Coimbatore, Karur and Chennai.

Coimbatore, which is currently a Tier-2 might move up to Tier-1 city soon. Chennai, which is Tier-2 city is also improving. Karur is a very well industrialized export unit. Now, Dindigul present in between Chennai, Karur and Coimbatore has lot of advantages in future.

Note down, in your diary - Dindigul will become big someday, considering its georgraphic location.

Chennai, Coimbatore, Dindigul and Chennai: Tier-1, Tier-2, Tier-3 and Tier-4 Cities of tamil nadu

Please refer to the map above for the districts/cities we refer to.

Government has divided the districts into four different categories, based on the level of existing development, infrastructure and the level of infrastructure and development needed in the years to come.

As years go by, if the cities progress, the city moves to upper tiers.
The four tiers are Tier-1, Tier-2, Tier-3 and Tier-4 cities.

For example, Tier-1 constitutes Chennai. Tier-2 constitutes Coimbatore, Chennai, Trichy etc., Tier-4 constitutes Dindigul.

Coimbatore is a strategic development centre for Cognizant like software companies, similar to the ones we have in Chennai, Kolkata, Pune, Bangalore, Hyderabad and Mumbai. Cognizant is committed to grow the centre, leveraging the rich talent pool of technical professionals in the region.

Coimbatore will soon emerge as a Tier-1 city for IT in one year, based on the growth we are seeing.

It is not only Coimbatore that is on the Tier-2 city map of Tamil Nadu, but also Trichy, Chennai, Salem, Hosur and Tirunelveli.

Other than Coimbatore, Tamil Nadu is trying to develop Tier-2 cities spreading across the entire state; from Chennai at the northern end to Tirunelveli at the southern tip. Sekar Ponniah of Global Software Solutions (TVL) Pvt Ltd started a 100 % Export Oriented Unit located at Tirunelveli in the year 2000.

While we look at the map above, Dindigul, which is a Tier-4 cities, is strategically located between Coimbatore, Karur and Chennai.

Coimbatore, which is currently a Tier-2 might move up to Tier-1 city soon. Chennai, which is Tier-2 city is also improving. Karur is a very well industrialized export unit. Now, Dindigul present in between Chennai, Karur and Coimbatore has lot of advantages in future.

Note down, in your diary - Dindigul will become big someday, considering its georgraphic location.

Continuing research on Karur: Industry, Profile and Potential: Nearby District of Chennai

Karur is also famous for two banks, since early twentieth centuries. The reason I am excited about these two banks is - these banks were started with an initial investment with as low as Rs.1,00,000 on those days - say early 19xx's.

I am impressed by the entrepreneural skills, risk taking personalities and at the most - they have started to help the financial side of agricultural and trade needs at those times.

Hats off to all the people behind these banks birth!

Karur Vysya Bank and Lakshmi Vilas Bank, Karur

Karur Vysya Bank

The year was 1916 when two illustrious sons of Karur, the Late Sri M.A. Venkatarama Chettiar and the late Sri Athi Krishna Chettiar came together to found Karur Vysya Bank (KVB) with an initial capital of Rs. 1 lakh with an avowed desire to support the agricultural and trade activities in and around Karur. In the business of providing exemplary financial service for over 90 years, KVB is today the favorite banker to millions of customers around the country, enjoying a premier position in the banking industry.

Business Landmarks as on 30th September, 2007:

* With a deposit base of Rs. 10916.38 cr. and advances figure of Rs. 7438.68 cr., KVB has recorded a total business of Rs. 18355.06 cr.
* The Net Profit earned by the bank during the first half of 2007-08 was Rs. 91.36 cr.
* The Net Owned Funds of the bank has reached a figure of Rs. 1063.16 cr. as on 31.03.2007. In fact, KVB is the first Tamilnadu based Old Private Sector Bank and the third in the country in this category to cross the Rs. 1000 cr. mark in Net Owned Funds. But the special landmark is that the entire amount is clocked under Tier I capital only.
* The Capital Adequacy ratio is at a healthy 15.42% on the increased asset base as against the RBI stipulated norm of 9%.
* With a record of uninterrupted earning of profits and declaration of dividend, KVB has declared 100% dividend consecutively for the past four years. This year, the bank had declared Rights and Bonus shares to its stakeholder and the dividend of 100% declared for 2006-07 is on the enhanced capital base.

Check out Karur Vysya Bank

The Lakshmi Vilas Bank Limited was founded seven decades ago ( in 1926) by seven people of karur. At present, the bank has a network of 236 branches, spread over 11 states and the union territory of Pondicherry.

The Lakshmi Vilas Bank's business crossed Rs. 8,752 crores as on March 31, 2007. The Bank earned a Net profit of Rs. 17.58 crores. The Net owned Funds of the Bank reaches Rs. 396.08 crores. With a fairly good quality of loan assets the Net NPA of the bank was pegged at 1.58 % as on March 31, 2007 down from 4.98% as on March 31, 2005.

Check out Lakshmi Vilas Bank

Continuing research on Karur: Industry, Profile and Potential: Nearby District of Chennai

Karur is also famous for two banks, since early twentieth centuries. The reason I am excited about these two banks is - these banks were started with an initial investment with as low as Rs.1,00,000 on those days - say early 19xx's.

I am impressed by the entrepreneural skills, risk taking personalities and at the most - they have started to help the financial side of agricultural and trade needs at those times.

Hats off to all the people behind these banks birth!

Karur Vysya Bank and Lakshmi Vilas Bank, Karur

Karur Vysya Bank

The year was 1916 when two illustrious sons of Karur, the Late Sri M.A. Venkatarama Chettiar and the late Sri Athi Krishna Chettiar came together to found Karur Vysya Bank (KVB) with an initial capital of Rs. 1 lakh with an avowed desire to support the agricultural and trade activities in and around Karur. In the business of providing exemplary financial service for over 90 years, KVB is today the favorite banker to millions of customers around the country, enjoying a premier position in the banking industry.

Business Landmarks as on 30th September, 2007:

* With a deposit base of Rs. 10916.38 cr. and advances figure of Rs. 7438.68 cr., KVB has recorded a total business of Rs. 18355.06 cr.
* The Net Profit earned by the bank during the first half of 2007-08 was Rs. 91.36 cr.
* The Net Owned Funds of the bank has reached a figure of Rs. 1063.16 cr. as on 31.03.2007. In fact, KVB is the first Tamilnadu based Old Private Sector Bank and the third in the country in this category to cross the Rs. 1000 cr. mark in Net Owned Funds. But the special landmark is that the entire amount is clocked under Tier I capital only.
* The Capital Adequacy ratio is at a healthy 15.42% on the increased asset base as against the RBI stipulated norm of 9%.
* With a record of uninterrupted earning of profits and declaration of dividend, KVB has declared 100% dividend consecutively for the past four years. This year, the bank had declared Rights and Bonus shares to its stakeholder and the dividend of 100% declared for 2006-07 is on the enhanced capital base.

Check out Karur Vysya Bank

The Lakshmi Vilas Bank Limited was founded seven decades ago ( in 1926) by seven people of karur. At present, the bank has a network of 236 branches, spread over 11 states and the union territory of Pondicherry.

The Lakshmi Vilas Bank's business crossed Rs. 8,752 crores as on March 31, 2007. The Bank earned a Net profit of Rs. 17.58 crores. The Net owned Funds of the Bank reaches Rs. 396.08 crores. With a fairly good quality of loan assets the Net NPA of the bank was pegged at 1.58 % as on March 31, 2007 down from 4.98% as on March 31, 2005.

Check out Lakshmi Vilas Bank

Boost Refined Cotton Exports and Textile Park in Chennai

Boost Refined Cotton Exports and Textile Park in Chennai near Vadippatti, Chennai

Tamil Nadu Government and Central Government of India are planning to boost the production of refined cotton products in Chennai.

Due to uncontrolled exports of raw cotton to various countries, the production of refined cotton products is affected. The weavers are not getting enough raw cotton.
This is mainly felt in Karur and Tirupur too.

Union Minister of State, Mr.E.V.K.S. Elangovan announced that another textile park would come up in Chennai at a cost of Rs 70 crore, the funds for which had been allocated by the Centre. The state should select a site to set up the park. A site had already been selected at Vadipatti for another park in Chennai district at a cost of Rs 30-40 crore.

Please read more at Economic Times

Boost Refined Cotton Exports and Textile Park in Chennai

Boost Refined Cotton Exports and Textile Park in Chennai near Vadippatti, Chennai

Tamil Nadu Government and Central Government of India are planning to boost the production of refined cotton products in Chennai.

Due to uncontrolled exports of raw cotton to various countries, the production of refined cotton products is affected. The weavers are not getting enough raw cotton.
This is mainly felt in Karur and Tirupur too.

Union Minister of State, Mr.E.V.K.S. Elangovan announced that another textile park would come up in Chennai at a cost of Rs 70 crore, the funds for which had been allocated by the Centre. The state should select a site to set up the park. A site had already been selected at Vadipatti for another park in Chennai district at a cost of Rs 30-40 crore.

Please read more at Economic Times

Karur District Profile and Industrial Potential: Chennai Machan reports

Karur Profile: near-by district of Chennai

Karur is exactly located at the center of the tamil nadu state. You will be amazed to see the amount of export Karur does in a year and to the places in different parts of the world. I was stunned to read that Karur exports to Walmart, IKEA, Target etc., 90% of the buses in South India are built in Karur!!

-Chennai Machan!

Karur Economy

Agriculture

The main crops are Paddy, Banana, Sugarcane, Battle leaf, Grams&Pulses, Topicco, Kora grass, Groundnuts, Oilseeds, Tropic-Vegetables, Garland Flowers, Medicinal Herbals etc.,.

Home textiles

Karur is famous for its home textiles. Karur has a niche in five major product groups — bed linens, kitchen linens, toilet linens, table linens and wall hangings. Overall Karur generates around Rs.6000 crores ($1200 million dollars a year) in foreign exchange through direct and indirect exports. Allied industries like ginning and spinning mills, dyeing factories, weaving etc employs around 300,000 people in and around Karur.

On the international textile map Karur has become synonymous with hand-loom “made-ups” first as Tirupur in the hosiery product. The weaving industry came to Karur from Kerala and has earned a reputation for its high quality hand-loom products today. Hand-loom Exports from Karur began on a modest scale with just 15 exporters in 1975 and today Karur has 1000s of exporters and the products are supplied to world leading chain stores like WalMart, Target, IKEA, Ahlens etc.

The hand-loom products being exported have been broadly classified under three heads viz., kitchen, bathroom and bedroom furnishing items. Some of the hand-loom made-ups exported from Karur are Bedspreads,Sheet sets, Towels, Floor rugs, Tea towels, Napkins, Aprons, Kitchen towels, Pot holders, Plate mats, Bathmats, Tea mats, Curtains, Pillow, Quilt covers, Shower curtains (above 500 classified verities).

Paper

TNPL is promoted by the Government of Tamil Nadu with loan assistance from the World Bank. Today TNPL is the largest producer of bagasse (sugarcane waste from Sugar mills) based paper in the world and the 2nd largest paper producer in asia. TNPL produces 230,000 tons of Printing & writing paper and consumes 1 million tones of bagasse every year.

Bus body building

Karur is a renowned centre for bus building industries. This is a unique feature of Karur and almost 90% of south Indian private bus bodies are being built here.And also Karnataka government buses. The total business is estimated to be around Rs.750 crore per annum.

Cement

Karur is also home to Chettinad Cements. It has an installed production capacity of 600,000 tons per annum, with another 1.1 million tons expansion in the pipeline.

Sugar

EID Parry has a sugar factory in Pugalur, Karur. It has a capacity of 4000 TCD per year. It also has a 22 MW co-generation Power plant, with TNPL.

Banking

Karur is the home town of India's oldest private scheduled banks, The Karur Vysya Bank and The Lakshmi Vilas Bank.

NYLON NETS

HDPE filament and associated product manufacturing. Its mainly for the fruit fields of Himalayas & north-east. Above 50% of nylon nets in India are made in Karur.

GEM STONES

The Karur belt also produces some very good Cats eyes, Feldspar, Moonstones, Aquamarines, Quarts, Sapphires, Jasper and beryls.

sourced at - w i k i p e d i a

Karur District Profile and Industrial Potential: Chennai Machan reports

Karur Profile: near-by district of Chennai

Karur is exactly located at the center of the tamil nadu state. You will be amazed to see the amount of export Karur does in a year and to the places in different parts of the world. I was stunned to read that Karur exports to Walmart, IKEA, Target etc., 90% of the buses in South India are built in Karur!!

-Chennai Machan!

Karur Economy

Agriculture

The main crops are Paddy, Banana, Sugarcane, Battle leaf, Grams&Pulses, Topicco, Kora grass, Groundnuts, Oilseeds, Tropic-Vegetables, Garland Flowers, Medicinal Herbals etc.,.

Home textiles

Karur is famous for its home textiles. Karur has a niche in five major product groups — bed linens, kitchen linens, toilet linens, table linens and wall hangings. Overall Karur generates around Rs.6000 crores ($1200 million dollars a year) in foreign exchange through direct and indirect exports. Allied industries like ginning and spinning mills, dyeing factories, weaving etc employs around 300,000 people in and around Karur.

On the international textile map Karur has become synonymous with hand-loom “made-ups” first as Tirupur in the hosiery product. The weaving industry came to Karur from Kerala and has earned a reputation for its high quality hand-loom products today. Hand-loom Exports from Karur began on a modest scale with just 15 exporters in 1975 and today Karur has 1000s of exporters and the products are supplied to world leading chain stores like WalMart, Target, IKEA, Ahlens etc.

The hand-loom products being exported have been broadly classified under three heads viz., kitchen, bathroom and bedroom furnishing items. Some of the hand-loom made-ups exported from Karur are Bedspreads,Sheet sets, Towels, Floor rugs, Tea towels, Napkins, Aprons, Kitchen towels, Pot holders, Plate mats, Bathmats, Tea mats, Curtains, Pillow, Quilt covers, Shower curtains (above 500 classified verities).

Paper

TNPL is promoted by the Government of Tamil Nadu with loan assistance from the World Bank. Today TNPL is the largest producer of bagasse (sugarcane waste from Sugar mills) based paper in the world and the 2nd largest paper producer in asia. TNPL produces 230,000 tons of Printing & writing paper and consumes 1 million tones of bagasse every year.

Bus body building

Karur is a renowned centre for bus building industries. This is a unique feature of Karur and almost 90% of south Indian private bus bodies are being built here.And also Karnataka government buses. The total business is estimated to be around Rs.750 crore per annum.

Cement

Karur is also home to Chettinad Cements. It has an installed production capacity of 600,000 tons per annum, with another 1.1 million tons expansion in the pipeline.

Sugar

EID Parry has a sugar factory in Pugalur, Karur. It has a capacity of 4000 TCD per year. It also has a 22 MW co-generation Power plant, with TNPL.

Banking

Karur is the home town of India's oldest private scheduled banks, The Karur Vysya Bank and The Lakshmi Vilas Bank.

NYLON NETS

HDPE filament and associated product manufacturing. Its mainly for the fruit fields of Himalayas & north-east. Above 50% of nylon nets in India are made in Karur.

GEM STONES

The Karur belt also produces some very good Cats eyes, Feldspar, Moonstones, Aquamarines, Quarts, Sapphires, Jasper and beryls.

sourced at - w i k i p e d i a

Potential of Other districts of Tamil Nadu

Chennai Machan is going look at other cities/districts of Tamil Nadu for it's infrastructure and their potential for industrialization.

Please have your fingers crossed and let us explore all the districts, except Chennai. We are leaving out Chennai because it is already explored by many and there is lot to do in other backward districts.

Districts of Tamil Nadu

1. Chennai/Madras District
2. Coimbatore District
3. Cuddalore District
4. Dharmapuri District
5. Dindigul District
6. Erode District
7. Kanchipuram District
8. Kanyakumari District
9. Karur District
10. Krishnagiri District
11. Chennai District
12. Nagapattinam District
13. Namakkal District
14. Perambalur District
15. Pudukkottai District
16. Ramanathapuram District
17. Salem District
18. Sivagangai District
19. Thanjavur District
20. The Nilgiris District
21. Theni District
22. Thoothukudi District
23. Tiruchirapalli District
24. Tirunelveli District
25. Tiruvallur District
26. Tiruvannamalai District
27. Tiruvarur District
28. Vellore District
29. Viluppuram District
30. Virudhunagar District
31. Ariyalur district

Potential of Other districts of Tamil Nadu

Chennai Machan is going look at other cities/districts of Tamil Nadu for it's infrastructure and their potential for industrialization.

Please have your fingers crossed and let us explore all the districts, except Chennai. We are leaving out Chennai because it is already explored by many and there is lot to do in other backward districts.

Districts of Tamil Nadu

1. Chennai/Madras District
2. Coimbatore District
3. Cuddalore District
4. Dharmapuri District
5. Dindigul District
6. Erode District
7. Kanchipuram District
8. Kanyakumari District
9. Karur District
10. Krishnagiri District
11. Chennai District
12. Nagapattinam District
13. Namakkal District
14. Perambalur District
15. Pudukkottai District
16. Ramanathapuram District
17. Salem District
18. Sivagangai District
19. Thanjavur District
20. The Nilgiris District
21. Theni District
22. Thoothukudi District
23. Tiruchirapalli District
24. Tirunelveli District
25. Tiruvallur District
26. Tiruvannamalai District
27. Tiruvarur District
28. Vellore District
29. Viluppuram District
30. Virudhunagar District
31. Ariyalur district