The primary objective of establishing the MLFAC Industrial Park in Panapakkam is to promote industrial growth and development in the region. It aims to create a conducive environment for businesses to set up and operate, leading to job creation, economic development, and overall improvement of the local economy.
The park offers a range of benefits to businesses, including:
- Ready-to-occupy infrastructure: The park provides essential infrastructure such as roads, power supply, water supply, and drainage, making it easy for businesses to set up operations.
- Proximity to markets: The park is strategically located near major markets and transportation hubs, making it easy for businesses to access their customers and suppliers.
- Government support: The Tamil Nadu government provides various incentives and support to businesses operating in the park, such as tax breaks and subsidies.
The MLFAC Industrial Park is expected to play a significant role in boosting the economic growth of the Panapakkam region and attracting investments from both domestic and international companies.
