Chennai: The Tamil Nadu government has currently attracted 27 new major investment proposals with a cumulative investment of Rs 30,000 crore, according to State Industries Minister B Thangamani. Delivering a special address at the FICCI National Executive Meeting here on Monday, Thangamani said that the investment is in addition to the ones attracted recently where the State government signed Memoranda of Understanding (MoU) with five auto majors to bring in new investments to the tune of at least Rs 5,700 crore.
He also said the State government will be soon announcing sectoral policies for thrust sectors which includes automobiles and auto components, biotechnology, and the aerospace industry. “These policies will make the State an ideal platform for manufacturing,” Thangamani said.
State Finance Minister O Panneerselvam, who was also present on the occasion, highlighted the need to improve the standing of the state on the investment climate sweepstakes. “The total investment to enable universal access to infrastructure services over the 11 year period is estimated at `15 lakh crore (approximately $330 billion). More than two-thirds of financing has to come from private sector,” he said.
He said the State government will play the role of a procurer of infrastructure services on behalf of people of the state and will facilitate private investment and service delivery in infrastructure sector. He also urged FICCI to be a partner in realising Vision 2023 and help make Tamil Nadu numero uno among Indian states.
FICCI president R V Kanoria and vice-president Naina Lal Kidwai vowed to partner with the State in helping realise its dream. Secretary General of FICCI, Rajiv Kumar, also delivered a presentation Empowering India - Redesigning G2B Relations Tamil Nadu.
The FICCI study stressed on the need for the state to focus on easing the process of doing business by adopting computerisation of its processes and making these available online. “Infrastructure facilities such as power, physical access and skilled manpower at reasonable prices will have to be improved,” the study said.
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