COINDIA is a Special Purpose Vehicle (SPV) created under Govt. of India guidelines for implementing this project under Govt. of India guidelines for Industrial Infrastructure Up gradation Scheme (IIUS), which is funding the project. It is a society registered under the Tamil Nadu Societies Registration Act 1961. The beneficiaries of the Project and organizations and industries interested in growth of the beneficiary industries are Members of the Society. The society is managed by a Committee constituted in accordance with the guidelines of IIUS and consists of the stakeholders, promoters and technical experts.
COINDIA has the following major operations:
1. Common Modern Tool Room - Unit I, Avarampalayam.
2. Common Modern Tool Room - Unit II, SITRA
3. Rapid Prototyping, Avarampalayam.
4. Training Centre, Avarampalayam.
5. Raw Material Bank, Chinnavedampatti.