He welcomed the suggestion from opposition for such a corporation to beef up the revenue to municipalities.
"I fully agree with the view of the member that the municipalities' revenue should be strengthened", Rangasamy said, replying to a question tabled by AIADMK MLA, Om Sakthi Segar.
He said the government would act as soon as the committee submitted its report.
Earlier, Local Administration Minister N G Panneerselvam said the government was keen about forming a cable television corporation and was going ahead with its plan to form a committee to go into the merits and scope for the corporation.
"As much as Rs 250 was being collected from every subscriber every month month and around 2.40 lakh connections were under the control of the private concern", he alleged.
The government should launch its own corporation so that the fund starved municipalities' revenue position would become comfortable.
AIADMK legislature party leader P Purushothaman said, Segar had been bringing to the notice of the government for the last three years the "hefty earnings of the private player and "untrue" accounts submitted to the government on number of connections. No action had been taken to start a corporation, he said.
