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Small and Medium Enterprises to benefit from new industrial policy

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Showcasing strength: Pongalur N. Palanisamy, Minister for Rural Industries, takes a look at the collection at the Thailand Exhibition, after inaugurating it at Chennai Trade Centre on Friday. Thai Consul-General Suphot Yanthukij (right) is in the picture.
Showcasing strength: Pongalur N. Palanisamy, Minister for Rural Industries, takes a look at the collection at the Thailand Exhibition, after inaugurating it at Chennai Trade Centre on Friday. Thai Consul-General Suphot Yanthukij (right) is in the picture.

N. Anand

Third meeting of Sub-Committee scheduled for Monday, says Minister

Help could come in the form of additional concessions or subsidy

Huge potential for growth in bilateral trade: Thai Consul-General

CHENNAI: Small and Medium Enterprises can expect more benefits from the new industrial policy to be announced by Chief Minister M. Karunanidhi within the next few weeks, Minister for Rural Industries Pongalur N. Palaniswamy said on Friday.

Talking to The Hindu after inaugurating a three-day Thailand Exhibition at the Chennai Trade Centre, the Minister said the third meeting of the Sub-Committee to discuss the policy would be held at the Secretariat on Monday.

Details submitted

“The help could come in the form of additional concessions or subsidy. We have submitted the details to the Chief Minister after consulting industry representatives and associations. We can’t spell out the finer details…”

Industrial estates

He said the Tamil Nadu Small Industries Development Corporation (SIDCO) proposed to set up industrial estates at Thiruvarur, Villupuram, Perambalur, Pollupalli-Krishnagiri, Orakadam, Kakkalur phase-II-Thiruvallur and Bargur part-II Krishnagiri during the current year.

Feasibility studies for Sankagiri, Sedapatti and Modakurichi-Erode would be commissioned soon. Besides, the State had identified 15 clusters for industry promotion.

Collaborations urged

Urging the Thai manufacturers to join hands with Indian firms, Mr. Palaniswamy said: “Such fairs should be held in Thailand too to showcase our strength to Thai firms, be it in textile or handicrafts. We have good infrastructure and that’s why we were able to attract Rs.12,500 crore by way of Foreign Direct Investment in the last 12 months and move up the industrial map.”

Thai Consul-General Suphot Yanthukij said the volume of bilateral trade between the two countries was relatively small. There was huge potential for growth.

“Around 34 Thai firms are taking part in the fair. Manufacturers of jewellery, healthcare products, kitchenware, furniture, bicycles and home decor have exhibited their wares to seek marketing assistance. The recent fair at Bangalore evoked good response. We intend to hold it in Hyderabad and Mumbai during September,” said Deputy Consul-General (Commercial) Prakob Panjacharoensiri.

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