Industrial Infrastructure Upgradation Scheme (IIUS): With a vision
towards significantly refining the export prospective of numerous
industries and growing the Foreign Direct Investment, the Government of
India has presented a pioneering proposal to qualitatively create the
infrastructure in all segments of industry by cheering public-private
partnerships across the Industrial Infrastructure upgradation Scheme
Corresponding to the terms of the IIUS, the GOI will provide a
maximum of 75% of the funds required while 15% of the expenditure has to
be organized from the shareholders and the balance 10% across
allowances from the State Government or the local Municipality, and term
loans from financial institutions.
In the direction of the State Government, and as per the IIUS
terms, an industrial cluster including of three Industrial Estates -
Ambattur, Thirumudivakkam and Thirumazhisai - was developed.
The Unique Purpose Vehicle called Chennai Auto Ancillary
Industrial Infrastructure Upgradation Company (CAAIIUC) had equipped and
proposed a detailed project report (DPR) with the proficient assistance
of ITCOT and TUV Rheinland (India) Pvt. Ltd., captivating into account
the gaps in infrastructure, with a total project expenditure of Rs 51.5
The Government of India, Ministry of Industry & Commerce
has agreed sanction to CAAIIUC for a total project expenditure of Rs
47.20 crores vide their letter no. 5/28/4/2004-DBA-1 date 4.08.2004.