The Hindu : Tamil Nadu / Chennai News : Cabinet gives nod for several projects

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Monday, Sep 01, 2008
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Tamil Nadu

Tamil Nadu - Chennai

Cabinet gives nod for several projects

Special Correspondent

Cethar Vessels to start boiler unit in Tiruchi

CHENNAI: The State Cabinet meeting here on Saturday with Chief Minister M. Karunanidhi presiding gave its approval to a number of projects and extended concessions to those coming forward to start industries in nine southern districts.

Earlier, only industries with an investment of more than Rs.250 crore were entitled for a structured package of assistance. Now, the government has decided to extend it to industries with an investment ranging from Rs.50 crore to Rs.250 crore.

The VAT paid by them for the period of operation from three to five years will be treated as soft loan, which they can repay after seven years. The loan will carry an interest of 0.1 per cent. In the case of industries with an investment of more than Rs.250 crore, the VAT which they pay up to 21 years of commercial operations will be fully reimbursed by the government by way of subsidies.

The Cabinet gave its approval to Michelin company of France for starting a tyre manufacturing unit in Thiruvallur district at a cost of Rs.4,000 crore; Doosan Infrastructure of Korea for manufacturing construction equipment with an investment of Rs.350 crore; Delphi of the US for a construction equipment manufacturing plant in Pillaipakkam SIPCOT Industrial Estate in Kancheepuram district; Harsha Company for starting oil and rig and glass manufacturing units at a cost of Rs.1500 crore, Cethar Vessels in Tiruchi for a boilers and power production equipment unit costing Rs.2,512 crore; and to DCW, Sahupuram in Tuticorin district for an integrated caustic soda plant, oxide and Calcium chloride plants at a cost of Rs.460 crore.

The previous government had decided to reduce the number of sanctioned IAS posts. The Cabinet has now decided to accept the Centre’s decision to increase the posts from 325 to 355 for Tamil Nadu.

The Cabinet decided to do away with collection of special fees from students studying from Standard VI to XII in government and government aided schools from academic year 2008-09. It would issue an order soon with retrospective effect.

It has been decided to amend sections 37 A and 37 B of the Tamil Nadu Land Reforms (Land Ceiling) Act 1961 to enable industries and trading houses to apply to the government for starting educational institutions and hospitals on land available with them over and above the ceiling of 15 acres.

The Cabinet decided to regularise land purchased by poor and middle class people for constructing houses, which were earlier acquired by the government under the Tamilnadu Urban Land Ceiling Act 1978, by collecting a nominal amount from them. The amount would depend on the extent of land purchased.

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