Chennai, July 13 (Inditop.com) The Tamil Nadu government is developing country-specific industrial parks to attract investments from business units located in those countries.
According to the Industries Department policy note submitted by Deputy Chief Minister M.K. Stalin in the state assembly Monday, the government has identified certain countries as having higher potential to make investment in the state.
Orders have been issued for the development of country-specific industrial parks for Japan, Korea, Finland, Germany and France.
Each industrial park will be spread over 100 acres and will be developed by the State Industries Promotion Corp of Tamil Nadu (Sipcot).
The policy note said the government is developing industrial parks and special economic zones (SEZ) in different parts of the state to disperse the industries.
Approval and final notification for multi product SEZ at Nanguneri in Tirunelveli district has been obtained while a similar project is being developed in Perambalur district.
Tamil Nadu as 49 notified SEZs, the third highest among Indian states.
Claiming that the government is not resorting to forcible acquisition of land, the policy note said each SEZ allots land to a number of manufacturers in the region.
The state government has also issued administrative sanction for development of new industrial parks in Madurai, Perundurai and Cheyyar by Sipcot.
The note also said the Tamil Nadu government planned more investment in infrastructure.
In the past three years, the state has signed 23 agreements in addition to sanctioning structured assistance packages for nine projects separately.
The total investment in the state through these 32 projects would be Rs.39,741 crore.
In 2008, the state government signed 12 agreements involving a total investment of Rs.24,050 crore and issued structured package sanctioning orders for seven other projects aggregating an investment of Rs.5,462 crore.
