TN one of few States to provide well developed infra: Suresh Prabhu

By NT Bureau Published on Jun 22, 2018 04:22 PM IST

Chennai: Tamilnadu is one of few states which provide well developed infrastructure for industries, said Union Minister for Commerce and Industry and Civil Aviation, Suresh Prabhu.

He was addressing after inaugurating the ACMEE 2018, the 13th International Machine Tools Exhibition held here. State Deputy Chief Minister O Paneerselvam, Rural Industries Minister P Benjamin, Industries Minister M C Sampath also took part at the event.

He hailed former Chief Minister of State Kamarajar for his foresight about the industrial corridor and planned Ambattur Industrial Estate in 1963 itself.

At present, the fourth industrial revolution is taking place in which the information technology is getting infused with the industry, thus changing it in to smart industry and smart technology, he added.

When Industries are investing in India, they are investing in States like Tamilnadu, so the State partnership with Centre gains importance when it comes to Industrial policy.

While an industry is being set-up, it’s not just that industry or allied industry, but the whole community around the industry will develop which will give more employment opportunities.

While an industry is investing in a State, it invests in a district. So developing the district infrastructure and easing the administration process in district is also important.

For this Union government is proposing two schemes, one is ease of doing business in district level and the other is increasing the GDP of the district by three percent more than the normal GDP. Regarding this, Union Government is now working on the model project and once it is succeeded it will be implemented in every district in the country.

He said, "We will achieve the dream of India and that could be possible only with the economic development for which the involvement of the private sector is vital."

He called upon all the industries to work with the government for the progress of the country and urged the AIEMA to take lead.