Industry-Friendly Policies Make Tamil Nadu An Investors’ Paradise | SupportBiz

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Industry-Friendly Policies Make Tamil Nadu An Investors’ Paradise

State government sought to promote ‘Clean and Green’ technologies and industries.
Recently the government of Tamil Nadu is promoting and encouraging investments in Heavy Engineering, renewable energies and IT and Electronics. In this context, CII in partnership with the Government of Tamil Nadu, organized the Tamil Nadu Investors Summit positioning the state as an investors paradise.Tamil Nadu is one of the fastest growing states within India today. It has a manufacturing legacy across sectors of automobiles and textiles.
Pitching strongly for the state, Ambuj Sharma, IAS, Additional Chief Secretary & Commissioner – Industries, Government of Tamil Nadu highlighted that the State government sought to promote ‘Clean and Green’ technologies and industries. He focused on the State Government’s recent push to offer support to the MSME sector through Common Facility Centres. He invited investors to come forward in the upgradation of existing Industrial Estates where both the government and the private sector could be involved in a joint venture model.
M Velmurugan, IES, Executive Vice Chairman, Tamil Nadu Guidance Bureau offered an exhaustive understanding to the opportunities available in Tamil Nadu creating a strong case of the State’s global positioning, its infrastructural and Human Resource advantage as well as its cost competitiveness. He said Tamil Nadu is a Silent Success Story, growing at an average rate of 8%.
Mangat Ram Sharma, IAS, Chairman & Managing Director, Tamil Nadu Energy Development Agency (TEDA) encouraged investments in Renewable energy. He invited investments in the development of large scale solar and wind parks, wind solar hybrid installations and Hybrid/standalone plants in Biomass.
R Selvaraj, IAS, Managing Director, State Industries Promotion Corporation of Tamil Nadu (SIPCOT) – spoke of 20 Industrial parks that have already been established in Tamil Nadu and invited investors to help build and develop 12 New Industrial Parks which have already been sanctioned.
Among these will be included a new Pharma Park at Tiruvallur, an integrated Textile Park being developed at Ramanathapuram which is in close proximity to the Tutticorin Port.
An Aerospace Park is being developed in Chennai and Plastics Park at Ellore. He informed industries present, that 10 major land acquisitions were ongoing and would be completed in the next few months, offering world class infrastructure and IT and Electronics support making it easy and conducive for businesses to operate.