a dream of utilizing my rich engineering
experience and savings built out of my
earnings abroad, I approached several banks
as a NRI to start a weaving unit at Theni.
While the banks
were eager to have my Fixed Deposits,
they were reluctant to process my
application for a term loan for setting up
the unit. This despite my 18 years
with NLC, Neyveli and 15 years with
M/s. Qatar Petro Chemicals - they felt that
coming from a small village from Theni and
being a first generation entrepreneur the
project may not succeed.
this juncture I approached TIIC, Madurai
Branch during April 1997 for financial
assistance for my weaving projects.
At the very first meeting with TIIC
officials, I won their confidence; it was
clear to me that genuinely wished to promote
the right type of industries in my
my surprise my loan was sanctioned within 45
with my son A.R. BARATHKUMAR, a B. Tech,
graduate, I started our unit M/s.
JHEEVA REKHAA TEXTILES, at Shed No.
5, SIDCO Industrial Estate, Andipatti, Theni
unit, with Term loan assistance of Rs. 46.40
lakhs from TIIC. We installed 10 Nos. New
Ruti “C” 180 cm weaving looms with all
its supporting machineries.
the years, TIIC has assisted our unit with
further term loans for 12 Air Jet looms in
2004 and again 42 looms in 2009. We are
producing 3,00,000 mts / month of quality
We have ambitious plans of installing
another 24 Air jet looms during 2011-12 with
TIICs financial assistance.
deeply appreciate TIIC for the timely
assistance they have given to our unit and
can say with pride
grow with TIIC”
will always grow with TIIC”