TN to introduce slew of reforms to bolster manufacturing

The government was currently set to introduce new policy reforms that include a New Industrial Policy, Automobile and Auto Parts Policy, Aerospace Industry Policy, Biotechnology Policy and much more, she said at a function where MoUs with 12 companies were signed to bring in over Rs 20,000 crore.

Today's initiative, considered the first event where the government inked so many pacts on a single day, will usher in over 1.30 lakh direct and indirect employment opportunities in the areas of telecommunication, automotive, power equipment manufacturing, among others, she said.

Those companies which signed agreements were--Hyundai Motors India Limited, Indo Rama Group of Companies, ADD Industrial Park (TN) Limited, BGR Energy Group of Companies, Saint Gobain Glass India Limited, Danfoss Industries Private Limited, Nokia India Private Limited, Sanmina-SCI Private Limited, Tube Investments of India, Amway India Enterprises Private Limited and TVS Group of Companies.

CMDs and heads of the respective companies signed the agreements with Principal Industries Secretary Vikram Kapur in the presence of Jayalalithaa.

She recalled that the Solar Energy Policy 2012 was unveiled recently. "For instance, in the Automobile and Auto Parts Policy to be shortly released, I have set a goal to make Chennai the world