Chennai: Establishing of parks for manufacture of defence elements/worldwide furnishings/digital automobile/medical gadgets/leather-based merchandise/meals merchandise, establishing a Fintech Metropolis and popping out with a brand new “Life Sciences – Analysis and Growth and Manufacturing Coverage” are on the playing cards of Tamil Nadu authorities.
Presenting the price range for 2021-22 Finance Minister Palanivel Thiaga Rajan, taking a dig on the Central authorities stated: “Though the Authorities of India introduced institution of Defence Industrial Corridors connecting Hosur, Salem, Tiruchirapalli and Coimbatore, the assist of the Union Authorities has been restricted.”
“The state authorities will take this venture ahead with the institution of a defence part manufacturing park at Coimbatore over 500 acres at a value of Rs 225 crore. This park is anticipated to draw funding of Rs 3,500 crore,” Rajan stated.
In response to him, a world furnishings park will probably be arrange at a value of Rs 1,000 crore on 1,100 acres of land in Thoothukudi district, to draw funding of Rs 4,500 crore and allow employment of three.5 lakh individuals.
An digital automobile park at Maanallur in Tiruvallur district, a medical gadgets park at Oragadam in Kancheepuram district, leather-based product park at Panappkkam in Ranipet district and three meals parks will probably be established at Manaparai, Theni and Tindivanam, Rajan stated.
A 60 MLD Sea Water Desalination Plant at Thoothukudi for industrial models and 10 MLD TTRO plant for industries at Hosur will probably be established.
In response to him, a Fintech coverage will probably be launched shortly. A separate ‘FinTech Cell’ will probably be fashioned in steerage to facilitate the institution of Fintech firms in Tamil Nadu. A Fintech metropolis in Chennai will probably be developed in two phases at Nandambakkam and Kavanur.
The primary part will probably be developed at Nandambakkam at an estimated price of Rs 165 crore, Rajan stated.
A brand new Coverage for “Life Sciences – Analysis and Growth and Manufacturing” will probably be launched shortly to allow Tamil Nadu to strengthen its presence in these rising sectors, he added.
