Chennai will get a multi-storeyed industrial complex next year, said M.C. Sampath, Minister for Rural Industries and Nutritious Noon Meal, here on Saturday.

Addressing the valedictory of the 21st edition of the Small and Tiny Industries Convention-2012 (STICON-2012) organised jointly by Tamil Nadu Small and Tiny Industries Association (TANSTIA) and Hosur Small and Tiny Industries Association (HOSTIA), Mr. Sampath said that the State Government will bring about a sea-change in the development of small and tiny industries. Due to paucity of land, the government is mulling establishing multi-storeyed industrial complexes in the State. The first such complex would be established in Chennai.

The government also gave its nod for setting up 20 industrial clusters across the State and the government has allocated Rs. 136 crore for the purpose. With a view to improve the service to the small and tiny industries, the government has also sanctioned Rs. 3 crore for the construction of buildings for SIDCO in all the industrial estates in the State and Rs. 50 lakh for construction of District Industries Centres.

The government had announced subsidy for buying generators and the amount of subsidy has been enhanced to Rs. 5 lakh from Rs. 3 lakh.The demands including construction of hostels for labourers in all the industrial estates and permanent exhibition venue like Trade Centre in Chennai would be considered, he said.

Addressing the convention, P. Palaniappan, Minister for Higher Education, said that the demand of the entrepreneurs would be met by establishing a Centre for Incubator Technology in all the universities in the State.

With a view to improve the employability of the graduates, the government has allocated Rs. 16.50 crores for skill development of the youth.

K.P. Munusamy, Minister for Municipal Administration and Rural Development, said that the government will consider all the demands of the entrepreneurs except some which couldn’t be implemented immediately.

He also gave away a cheque of Rs. 70 lakh as government’s share towards setting up an auto cluster at a cost of Rs. 6.90 crore.

Document of land allocated to HOSTIA was handed over to its president K. Sampath.Harmander Singh, Commissioner for Industries and Commerce, K.R. Thangaraj, president, TANSTIA, and Dhanasekar, vice-president, TANSTIA, participated.Over 2,000 entrepreneurs from across the State participated in the two-day convention.