CM Palaniswami says Sipcot open to joint ventures with landowners
After tabling the demand of the Industries Minister, CM Edappadi Palaniswami declared a slew of measures to attract more investments into Tamil Nadu and joint ventures with owners of large parcels of land. “To enable all districts to become industrial hubs, Sipcot will sign joint ventures with private persons who have 100 acres or more of land to set up industrial parks,” Mr. Palaniswmai said.
CM said the government will make “Investment Ambassadors’ over the world through the citizens, Tamil Sangams and industry groups to create awareness about investing in Tamil Nadu, and provide attract investments. The government will also create a special division called “Yaadhum Oorey’ (the world is a global village) and a website for the purpose, he said.
“To provide adequate guidance to foreign investors keen on investing in Tamil Nadu and to identify potential investors, a special unit comprising experts will be created specifically for each of the following countries- Japan, South Korea, USA, China, Taiwan, France, Israel, and Germany,” he said.
The government will create a new division of Guidance Bureau at the Tamil Nadu House in New Delhi. Utilizing new technologies and new ideas will be taken over the world. It also made for people own 20 or more acres of land with those willing to invest to set up business here, he said. And for complaints “BiZ Buddy” an integrated mechanism to be created. It will ensure complaints are addressed shortly.
Mr. Palaniswami said “This will enable the creation of around 400 SMEs, the expansion of 1,200 SMEs, and the creation of an additional 10,000 jobs. The State will bear the subsidy burden of Rs 33 Crore raising out of this,” he said.