Chief Minister Jayalalithaa on Monday announced setting up of an industrial park in Manapparai taluk of Tiruchi district to generate 25,000 jobs by attracting an investment of Rs.3,000 crore.
Laying the foundation stone for schemes costing Rs. 1,752 crore (including one for a paper board plant estimated at Rs. 1,200 crore), and inaugurating works costing Rs. 42 crore, she said wherever industrialisation took place, the regions concerned recorded rapid development, generated employment, helped create ancillary industries and the economy improved.
Hence, it was her desire to set up industrial units in the Srirangam constituency, which did not have any major industry. An industrial park would be set up on 1,077 acres at a total cost of Rs. 107 crore.
The Chief Minister also announced a number of concessions for those setting up units in this industrial park. “Depending on their investment, they will get a capital subsidy ranging from Rs. 45 lakh to Rs. 2.25 crore. Besides, they will get refund of taxes paid by them to the State government. Incentive will be provided for setting up an effluent treatment plant and training of the workforce.
The entrepreneurs would be provided loans at three per cent less rate than the market rate by the Tamil Nadu Industrial Investment Corporation. She also referred to the proposal to have a multi-layer double coated board unit at Mondipatti and contiguous villages in Manapparai taluk at an estimate of Rs 1,200 crore. This would produce two lakh tonnes of board and would provide direct and indirect employment to 2,000 persons. Besides, the unit would give a boost to the economy of the parched region.
Ms.Jayalalithaa said she had laid the stone for the National Institute for Information Technology coming up at Sethurapatty in Srirangam taluk at an estimate of Rs. 128 crore, a government engineering college at Rs. 60.84 crore and a polytechnic college at Rs 37 crore.
She listed a number of works taken up to improve the Sri Ranganathaswami Shrine at Srirangam and various other ongoing works in the Srirangam constituency.
Later, she distributed assistance to the tune of about Rs. 60 crore to more than 1.40 lakh beneficiaries.
P.Dhanapal, Speaker of the Assembly, presided.
