Chennai, July 14: Deputy Chief Minister M K Stalin on Monday announced a series of measures to give a further momentum to attract more investments to Tamil Nadu.
The measures included establishing a financial city near Chennai with private participation, a mega integrated aerospace park, an entertainment- cum-communication technology park, constituting a state manufacturing competitive council, evolving sector specific policies for traditional industries and building affordable houses for industrial workers.
Replying to the discussion on the demands for grants for industries department, the Deputy Chief Minister said the objective of establishing financial city was to attract banks, insurance companies, mutual fund institutions and share market traders. He said the government would create infrastructural facilities for the new venture.
Stating that Tamil Nadu was in the forefront of automobile production and designing, electronic software and hardware, he said with a view to making the State as a pioneer in aero space technology, an Aerospace Park project would be implemented.
Infrastructure necessary for the project such as runway, manufacturing of equipment connected with aircraft, maintenance and repairing aircraft and aircraft training centres would be created. The project would be implemented on Public-Private Partnership, Stalin added.
To sustain and strengthen the competitiveness of local industries, a state manufacturing competitive council would be formed with senior officials and experts from industries as its members, the minister said.
The council would present periodical reports to the government.
Pointing out that 75 per cent of lignite in the country was available in Tamil Nadu, Stalin said the Tamil Nadu Minerals Limited would make a study on this resource and submit a report.
Besides, a study would be undertaken to bring methane deposits in the State to use as it is a non-pollutant fuel.
He said an entertainment-cumcommunication technology park would be set up.
Stalin said sector specific policies for industries like sugar, leather, fertilisers, auto components, electronic hardware besides other important sectors would be evolved.
He said that power cut would be totally exempted for common effluent treatment plants to be set up for leather and textile industries. In places where industries are highly concentrated, steps would be taken to provide affordable housing facility for the workers.
–Agencies