Tamil Nadu proposes to set up four SEZs
Seeking to spread the benefits of industrialisation across the state, the Tamil Nadu government on Thursday proposed to set up four SEZ's in the industrially backward areas.
By PTI |
CHENNAI: Seeking to spread the benefits of industrialisation across the state, the Tamil Nadu government on Thursday proposed to set up four SEZ's in the industrially backward areas.
A Transport Engineering Goods SEZ in 255 acres at Gangaikondan in Tirunelveli District, an automobile and auto spare parts SEZ in 255 acres at Cheyyar in Tiruvannamalai district, an engineering goods SEZ in 263 acres at Perunthurai in Erode district and Leather Sector SEZ in 260 acres at Ranipet in Vellore district would be established, Finance Minister K Anbazhagan said while presenting the budget in the Tamil Nadu Assembly today.
He also said 32 SEZ proposals had been approved in Tamil Nadu, of which 29 had already been notified by the Centre.
The Government has decided to modernise the cement plant at Alangulam belonging to the Tamil Nadu Cements Corporation (TANCEM) to increase production of cement in the public sector. The modernisation would be carried out at a cost of Rs 82 crore and double the production capacity of the plant, he said.
A new Information Technology Park will be set up in Vellore by Elcot in partnership with the private sector in the coming financial year, he said.
With the state facing power crisis and the industries coming under tremendous strain due to it, the budget has proposed installation of 90 new electrical sub stations, as part of improving the power transmission and distribution of infrastructure in the state at a cost of Rs 1,720 crore.
A Transport Engineering Goods SEZ in 255 acres at Gangaikondan in Tirunelveli District, an automobile and auto spare parts SEZ in 255 acres at Cheyyar in Tiruvannamalai district, an engineering goods SEZ in 263 acres at Perunthurai in Erode district and Leather Sector SEZ in 260 acres at Ranipet in Vellore district would be established, Finance Minister K Anbazhagan said while presenting the budget in the Tamil Nadu Assembly today.
He also said 32 SEZ proposals had been approved in Tamil Nadu, of which 29 had already been notified by the Centre.
The Government has decided to modernise the cement plant at Alangulam belonging to the Tamil Nadu Cements Corporation (TANCEM) to increase production of cement in the public sector. The modernisation would be carried out at a cost of Rs 82 crore and double the production capacity of the plant, he said.
A new Information Technology Park will be set up in Vellore by Elcot in partnership with the private sector in the coming financial year, he said.
With the state facing power crisis and the industries coming under tremendous strain due to it, the budget has proposed installation of 90 new electrical sub stations, as part of improving the power transmission and distribution of infrastructure in the state at a cost of Rs 1,720 crore.
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