The original Clock Tower was built by English for the benefit of this busy market traders.

It is located in the center of old town near Panneerselvam Park, which is now the Bazaar area of Erode.

In olden days, the eastern areas from this clock tower were called as Pettai.

However there was no clock tower structure present in this place for some period of time, the location managed to retain its name and still called by local people as Clock Tower or Manikkoondu in Tamil.

[citation needed] To retain the glory of past, in February 2006, Erode City Municipal Corporation has planned to construct a modern clock tower in the same place.