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Home arrow Engineering, Technology, Research and Development arrow Tamil Nadu Government plans new land takeover and industrial policies
Tamil Nadu Government plans new land takeover and industrial policies Print E-mail
Written by Krishna Kumar   
Friday, 05 August 2011
Chennai: In order to overcome problems in acquisition of land for industrial use, the Tamil Nadu Government plans to come out with a new land acquisition policy by adopting innovative methods like land pooling to create adequate land banks for building industrial parks and infrastructure.

The state government will come out with a New Industrial Policy 2011, besides formulating sector specific policies for automobiles and auto components, bio-technology and pharma.

With regard to investments in the manufacturing sector, the state is likely to attract 22 major projects having an investment potential of nearly  21,500 crores.

The government will also constitute a Tamil Nadu Infrastructure Development Board under the chairmanship of the chief minister.

Various steps towards augmenting the power situation in Tamil Nadu by the Government including completion of ongoing power generation projects, adding new capacity, feeder separation, strengthening and upgrading the transmission and distribution systems to reduce the T&D losses and initiating steps for harnessing non-conventional energy like wind and solar power as reliable alternatives, have been welcomed by industry.

The New Land Acquisition Policy adopting innovative methods like Land Pooling to create adequate Land Banks and to make available land for creating Industrial Parks and infrastructure is welcome move towards building the confidence of new investors in the State.

The government plans to establish exclusive industrial estates to house investors from Korea, Japan and Thailand.

Considerable focus on promotion of industrial clusters for MSMEs and providing interest rebate to MSMEs are a welcome move towards the competitiveness of the MSME sector.

As per the CMIE (Centre for Monitoring Indian Economy) report of 2010-11, Tamil Nadu has slipped to the seventh position in attracting investments in the manufacturing sector.

 
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