Making a Statement under Rule 110 in the State Assembly, Chief Minister Edappadi K Palaniswami said the second phase of SIDCO industrial estate at Alathur village near Tiruporur in Kancheepuram would be set up in 70.33 acres at an estimated cost of Rs 84 crore.
Proposing to formulate a “Tamil Nadu Business and Entrepreneurship Policy 2018-2023” in line with Vision 2023, the CM said the agency being proposed to draw foreign investment would also function as coordinating agency for single window clearance for MSMEs. He also increased the subsidy offered to first generation entrepreneurs under the New Entrepreneurship-cum-Enterprise Development Scheme (NEEDS) from Rs 25 lakh to Rs 30 lakh.
“Every year, 400 entrepreneurs will be given Rs 5 lakh subsidy in the form of knowledge transfer,’ he said, offering to spend Rs 20 crore per year to promote knowledge transfer.
He also announced infrastructure development projects for industrial parks at Manappari block in Tiruchy and Dindivanam block in Villupuram. SIPCOT would undertake development works at an estimated Rs 96 crore and Rs 52.50 crore in Tiruchy and Villupuram parks measuring 1,077 and 720 acres respectively to draw investors to the state.
Other announcements included improvement of facilities at Puzhal prison-II at an estimated cost of Rs 15.90 crore. The CM also announced a scheme to subsidise the caution deposit ought to be paid by differently abled persons to run Aavin sales outlets. The government has offered to pay Rs 25,000 each as subsidy to 100 disabled persons initially.