The Mega Leather, Footwear, and Accessories Cluster (MLFAC) Industrial Park in Panapakkam, Tamil Nadu, offers several benefits to local businesses:
1. Enhanced Infrastructure:
- Provides modern facilities such as well-laid roads, reliable power supply, water resources, and waste management systems, enabling local businesses to operate efficiently.
2. Access to Raw Materials:
- Proximity to agricultural zones and existing leather clusters allows businesses to source raw materials locally, reducing transportation costs and ensuring timely availability.
3. Government Incentives:
- It offers tax exemptions, financial subsidies, and a single-window clearance system, making it easier for local businesses to establish and expand operations.
4. Employment Opportunities:
- Projected to generate over 20,000 jobs, providing local businesses with access to a skilled labor force and contributing to regional economic growth.
5. Sustainable Practices:
- Encourages environmentally responsible operations, helping businesses comply with regulations and appeal to eco-conscious consumers.
By integrating these features, the MLFAC Industrial Park fosters an environment conducive to local business thriving, promoting economic development and industrial diversification in the region.
