The Tamil Nadu state government will soon enact a
new legislation to attract private capital for infrastructure
the twin conference Summit on Integrated Infrastructure
Development (Suminfra 2003) and Winning Tamil Nadu: An
Investment Meet, organised by the Confederation of Indian
Industry Southern Region (CII-SR) state Chief Minister
J Jayalalithaa said the proposed law will provide for
comprehensive arrangements such as development of concession
agreements, sharing of risks and procedures for infrastructure
project development and implementation.
a couple of private power projects had cancelled their
investment plans some time back. Similarly the private
road project in Coimbatore is facing problems in toll
also announced the setting up of two 1,000mw thermal power
projects partnering with National Thermal Power Corporation
and Neyveli Lignite Corporation. While one will come up
in Chennai, the other will be in Tuticorin. In the
next five years, I propose to increase the generating
capacity by more than 50 per cent of the present installed
capacity of 8,200mw, she said.
to her the government is committed to make Chennai the
knowledge industry hub for South Asia and the Adyar-Siruseri
stretch will be developed to international standards this
year. A second IT park offering 1.5 million square
feet of quality space will be set in this corridor.
the setting up of special economic zones in the port towns
of Ennore, Tuticorin and Chennai she also said two apparel
export parks will come up in Tiruppur and Irungattukottai,
other major initiative is the development of East Coast
Highway form Nagapattinam to Tuticorin at an outlay of
Rs 2,000 crore and the construction of 13 bypass roads
to ease transportation.
the governments goal of achieving an 8-per cent growth
for the state economy during the 10th Plan period she
said the goal is to double the per capita income by 2010,
two years before the national target.
the states primary sector contributes just 17 per
cent of the gross state domestic product (GSDP) more than
62 per cent of the population is dependent on agriculture
and allied activities. Our farmers need to shift
from traditional water intensive cultivation to more remunerative
commercial crops. Simultaneously, we need to expand opportunities
for non-farm employment activities such as dairies, poultry
farming, farm forestry and fisheries, she said.
robust rural physical infrastructure, she said the government
will invest more than Rs 2,000 crore through the Rural
Infrastructure Development Fund during the 10th Plan period.
the state deciding to embrace the value-added tax (VAT)
regime, she called the manufacturing sector to respond
positively by going in boldly for new investments, as
the sector will gain under the input rebate scheme and
prevention of cascading.
released brief synopsis of two reports, Sustainable Infrastructure
Development in Southern Region: Integrated Approach, and
CII-IIM, Ahmedabad case studies on A World of Class
of companies from Tamil Nadu.
in his opening address P K Mohapatra, chairman, CII Tamil
Nadu state council said investments would go to places
where they are cared for and not where they are needed.
Srinivasan, chairperson, infrastructure sub-committee,
CII (SR), called for a coordinated and sustainable approach
for infrastructure development in the southern region
while T Kannan, chairman, CII (SR), spoke about the need
to brand Tamil Nadu to attract fresh investments.