TN's big plan to woo investments

By NT Bureau Published on Jun 13, 2018 02:25 PM IST

Chennai: Chief Minister Edappadi K Palaniswami today announced plans for establishing three industrial parks in Trichy, Kanchipuram and Villupuram districts at a total cost of Rs 232.50 crore.

Making an array of announcements in the Assembly under rule 110, to bring in 'favourable industrial climate' in Tamilnadu that will attract investors and industries to set up base' in the State, he said the industrial park in Kannudayanpatti village in Manapparai, Trichy will be set up at a cost of Rs 96 crore and will be spread across 1077 acres.

The industrial park in Pelakuppam village in Villupuram will be set up at a cost of Rs 52.50 crore across 720 acres.'

In addition to this, a 70.33 acre industrial park by SIDCO built at a cost of Rs 84 crore will be established in Thiruporur, Kanchipuram.

The Chief Minister said that the industrial parks will provide employment for 5000 people each and the money will be spent by SIPCOT for developing basic infrastructure like roads, streetlights, planting roadside tree saplings and establishing storm water drains.

Boost for entrepreneurs

To ensure proper business environment for entrepreneurs, Palaniswami announced the formation of Tamilnadu Business and Entrepreneurship policy 2018-2023 today. He said the policy will help Tamilnadu achieve its target of 11 per cent GSDP growth under the Vision Tamil Nadu 2023 plan.

Under New Entrepreneurship-cum-Enterprise Development Scheme (NEEDS), first generation enterpreneurs can avail upto Rs 30 lakh subsidy from the earlier amount of Rs 25 lakh.

Yearly, 400 entrepreneurs will also be given Rs five lakh assistance in the form of knowledge transfer.

The Chief Minister announced that Rs 20 crore has been allocated for this scheme. Following the ban on plastics, the Tamilnadu Business and Entrepreneurship policy will also be used to find alternatives and promote businesses to manufacture materials to replace daily-use plastics, he said.

Jammers inside prisons
The Chief Minister announced the installation of signal phone jammers inside prisons across Tamilnadu to curb the problem of inmates using cell-phones. The jammers will be procured at a cost of Rs 10.10 crore, he said.

The government has also announced infrastructure development at Puzhal Central prison at a cost of Rs 15.90 crore to increase its capacity to accommodate an additional number of 500 prisoners.