The Hindu 22.03.2013
Measures to strengthen infrastructure in urban areas
To ensure increased flow of funds to build quality urban
infrastructure, the State government has a slew of initiatives such as
setting of the Tamil Nadu Investment Promotion Programme (TNIPP),
development of Madurai-Tuticorin Industrial Corridor and creation of
shipbuilding yard and land bank.
Finance Minister O.
Panneerselvam said the TNIPP would be formed with the assistance of
Japan International Co-operation Agency and it would commence operations
during the current year.
The TNIPP would aim at
easing some bottlenecks faced by the investors, mainly by policy changes
and correcting infrastructural inadequacies.
Facilitating
investment flow
This
will facilitate the investment flow of around Rs.770 crore for
investment in small and medium infrastructure projects over three years.
Besides,
an allocation of Rs.2,000 crore for the Infrastructure Development Fund
and Rs.200 crore for the Project Preparation Fund was provided in the
Budget Estimates 2013-14, he said.
Reiterating its
assurance of creating land bank of 25,000 acres through State Industries
Promotion Corporation of Tamil Nadu to attract more industries, Mr.
Panneerselvam said a new ship building yard will be established in
Tuticorin by the Tamil Nadu Industrial Development Corporation under
public-private partnership mode.
“During the current year, the government will give a push to the development of the Madurai-Tuticorin Industrial Corridor.
The
project proposes to create four manufacturing regions, one
agri-business region, two business investment regions, a special tourism
zone, one rural tourism hub and one knowledge hub. This will attract
Rs.1,90,000 crore of industrial investment over a period of 10 years,”
he said.
For promoting rural Business Process
Outsourcing (BPO) centres, the State allocated Rs.10 crore and will soon
announce a special package of support to stimulate and revitalise the
Micro, Small and Medium Enterprises sector. A special package of
incentives for encouraging investments for the development of the
industrially backward districts of southern Tamil Nadu will also be
announced soon, he added.
Keeping a time horizon of
two Five-Year Plans in mind, the second volume of the Vision 2023
Document, with a shelf of key infrastructure projects was approved by
the Tamil Nadu Infrastructure Development Board in its first meeting
chaired by Chief Minister Jayalalithaa.
Tamil Nadu Investment Promotion Programme on anvil.