Hope TN clears the pending schemes soon: Natchiappan | SupportBiz


Hope TN clears the pending schemes soon: Natchiappan

E M Sudarsana Natchiappan, Union Minister of State for Commerce and Industry said that, around 15 to 16 development schemes were pending for clearance by the State Government, reports The Hindu Business line.

The Minister was talking at an interactive meeting with various industry associations in Coimbatore on July 14.

The two-hour long session, organised by the apex body of textile mills in the South – SIMA (The Southern India Mills Association) gave the opportunity to the industry representatives to place their demands with the Minister which are, waiver of Cenvat, request for making the DGFT documentation more simple and hassle-free, some relief in repayment of loans and modification of the NREGA scheme to address the issue of labour shortage etc.

According to Natchiappan, the schemes that the United Progressive Alliance (UPA) Government implemented were demand-driven; the earlier the projects are implemented, the chance of getting more funds sanctioned will be more. To support his comment, the Minister cited the example of various newly launched projects in Coimbatore.

While talking about the National Investment for Manufacturing Zone (NIMZ) project Natchiappan said, “NIMZ is based on the SEZ (Special Economic Zone) model to boost manufacturing. The project requires large tracts of non-agricultural lands for setting up of manufacturing hubs.”

NIMZ requires respective State Government’s nod with regard to land acquisition.

Natchiappan suggested formation of a three-member team by Coimbatore industrialists to study the NIMZ project. “TN Government could easily come forward to support the project because some of its features were in line with the State Government’s Vision 2023,” he added.


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