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NT Bureau
Chennai, Sept 27:

        The State Cabinet has decided to accept and implement the new industrial policy, which was reviewed by a Cabinet sub-committee.

        An official release said the Cabinet meeting chaired by Chief Minister M Karunanidhi yesterday decided to accept the policy and implement it.

        The Cabinet sub-committee was constituted by the Chief Minister in June last to under take a detailed review of the draft policy.

        The Cabinet meeting also decided to allocate land through the State-owned ELCOT in Tier-II cities of Madurai, Salem, Tiruchi and Tirunelveli to leading IT firms, including HCL Technologies, Honeywell International India Service, Satyam Computers, Sutherland Global Services, for providing IT and ITEs services.

        It was also decided to allocate land on a 90 year lease based on tender for Sify Limited, Sutherland Global Services, Cognizant Technology Solutions and Scope International in the ELCOT IT Park in suburban Sholinganallur.

        Also, the Cabinet decided to waive loan and interest dues of city Corporations and Municipalities to the government to the tune of Rs 787.42 crore as on 31 March, 2007.

        The decision was taken as the amount was a big liability for the Corporations and the Municipalities and it hindered development work.

        The Cabinet also decided to implement the report and recommendations of senior IAS officer and Revenue Administrative Commissioner M F Farooqi, who was asked to probe the car explosion at Sendur near Villupuram in which 14 people were killed on 7 April last, the release said.