TN to come up with new industrial policy soon

The Tamil Nadu government will soon release a new industrial policy with a view to paving way for further industrial development of the state.

SRIPERUMBUDUR: With a view to paving way for further industrial development of the state, the Tamil Nadu government will soon release a new industrial policy, Chief Minister M Karunanidhi said on Thursday.

Speaking at the inauguration ceremony of Caparo Group's new manufacturing facility here, he also promised a world class infrastructure in the state to meet the growing needs of the industry.

The facility houses a stamping unit, R&D centre and tool room, an aluminium foundry and a forging unit and is being promoted by Angad Paul, CEO, Caparo Plc and Chairman, Caparo India. Angad is the son of Lord Swraj Paul.

"This policy has been evolved after a wide consultative process. The suggestions made by the industry associations and captains of the industry during the meeting of the Industrial Task Force under my chairmanship have also been taken into consideration," Karunanidhi said.

The policy seeks to address the concerns of all stakeholders.

Stating that road infrastructure was being improved in Tamil Nadu, he said the State was taking it up with the Centre and the National Highways Authority of India to make the Koyambedu-Maduravoyal-Sunguvarchathiram Highway six-lane to provide better connectivity.
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