Industrialists asked to invest in Tamil Nadu

Image
Press Trust of India Coimbatore
Last Updated : Dec 06 2014 | 8:06 PM IST
The Tamil Nadu government today asked industrialists to invest in the state and assured them infrastructure and other facilities.
"The government is with you for the development of infrastructure, needed for the industries. There may be some delay in clearances or creating necessary infrastructure, but the government wants to provide all the facilities, to see Tamil Nadu as the most industry friendly state in India," state Industries Minister P Thangamani said.
The minister was addressing a group of industrialists at a session organised by CII. The state is holding the Global Investors Summit on May 23 and 24 at Chennai next year.
Referring to the invitation extended by Andhra Pradesh, Karnataka and Madhya Pradesh for investing there, Thangamani said, "people will stone the tree, which bears large number of fruits", as Tamil Nadu has good investors, which they wanted to wean away to their respective states.
"However, the entrepreneurs of Coimbatore, has reposed the faith and confidence in the government, by not responding to their invitation. We in turn assure you full support in your endeavours," he said.
"We will ensure clearance in 30 days," he said.
"Certain political outfits are trying to thwart our move, but we will not yield to such pressures," he said, referring to the processing unit, to be set up by spinning mills in Cuddalore.
"Our ultimate goal is to realise the State's Vision 2023," he added.
He claimed one accident on Thimbam ghat, on way to Chamarajnagar in Karnataka, would turn the schedule for industrialists upside down and entire day will be lost.
"Though Andhra Pradesh has enough cotton, it has acute shortage of skilled labour due to which some mills are facing problem," he said.
Responding to various demands, Thangamani and P Mohan, Rural Industries and Labour Minister, said government would look into the matter of simplifying the single window system by discussing with Chief Secretary and officials concerned.
The government was reworking the master plan for Coimbatore as it received over 3,000 petitions in this regard, they said.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 06 2014 | 8:06 PM IST

Next Story