For V Anbalagan the promoter of Varalakshmi Starch
Industries Private Limited, at Papireddipatti village in Dharmapuri
district of Tamilnadu the Struggle to get there has been intense.
Procedural delays, age old formalities and the lack of coordination
between state and central agencies has dodged the first medium scale
industry in Tapioca Starch manufacturing he founded in 1997. Yet
overcoming all three hurdles, Anbalagan did - by finding amicable
solutions adopting the well known methods
During his course of success, Anbalagan does not fail
to recognize his gratitude to a number of bureaucrats who made his
successful journey possible by way of their valuable guidacnce and
encouragements to undertake new ventures. He also acknowledges
Punjab National Bank in relaxing some of their credit norms to grant
him a term loan equal to twice the amount of his turnover.
Anbalagan established Varalakshmi Starch first in
India with advanced technology from abroad and imported
machinery. Its products sets new standards in the
region. The Company expanded into manufacturing value added
products widely used in Paper Manufacturing Industry.
The Venture is
a boon to poor farmers in remote, rural and hilly areas, as
the company procures their agricultural produce, paying them a
remunerative and fair price. It also generates employment in
those areas, enabling crop cultivation in barren rain fed
hilly tracks, besides achieving 100% utilization of industrial
waste water, converting into by-products such as Bio-gas,
substantially reducing the green-house gas effect.
the Products to International Standards
Vision for the Future