Value of projects is estimated to be around Rs.1.5 lakh crore
The State government is likely to release Vision 2025 and a number of policy documents such as Industrial Policy and Land Pooling Policy before the presentation of the budget.
The budget is expected to be presented to the Assembly next month.
Among other policies proposed are IT and IT-enabled Service Policy and Public-Private Partnership (PPP) policy. Sector-specific policies for biotechnology, automobiles and renewable energy have also been planned.
Chief Minister Jayalalithaa will unveil the Vision 2025 document, which will essentially deal with infrastructure development. It will envisage the implementation of projects to be taken up through the PPP mode, apart from those under the public sector.
The value of the projects is estimated to be around Rs.1.5 lakh crore.
It is aimed at serving as a comprehensive roadmap for Tamil Nadu's development in the implementation of infrastructure development projects in areas such as power and tourism. It will identify and remove bottlenecks in development, prioritise critical infrastructure projects and intensify efforts towards the objective of positioning Tamil Nadu as the country's leading State.
The government has already announced its plans to form the Infrastructure Development Board, which will serve as an institutional framework for conceptualisation, prioritisation, sanction and speedy implementation of critical infrastructure projects.
To provide legal support to the proposed body, the government will introduce a Bill in the budget session.
It has also decided to create the Infrastructure Development fund to give a fillip to the implementation of projects.
In the coming years, the government will pay greater attention to the manufacturing sector in particular and industry in general as the State had slipped in registering a healthy growth in the secondary sector during most of the 11 Plan period (2007-2012).
Against the growth target of 9.2 per cent for the industry, the State will see the rate of around 4.7 per cent, despite being known for its core strength in areas including automobile, textiles, and IT and ITES.
Keywords: TN's Vision 2025