"Credit goes to industry-friendly policies of successive DMK regimes since 1967"
KANCHEEPURAM: Tamil Nadu is all set to reap the benefits of the Dravida Munnetra Kazhagam's efforts to it an industry-friendly destination, Rural Industries and Local Administration Minister M.K. Stalin said on Wednesday.
Declaring open an assembly unit of Komatsu India Private Limited at the SIPCOT Industrial Estate at Oragadam near Chennai, Mr. Stalin said Bharat Heavy Electrical Limited at Thuvakudi near Tiruchi, the Tank Factory at Avadi and the Loco Factory at Perambur were the few heavy industrial units that existed in the State when the DMK took over in 1967.
Subsequently, State-owned units such as the Small Industries Development Corporation and the State Industries Promotion Council of Tamil Nadu were set up to put the State on the path of industrial development.
Consistent efforts and industry-friendly policies adopted by the successive DMK governments, spurt in the number of technical education institutions over the years and industry-friendly environment had transformed Tamil Nadu into the most sought-after investment destination for foreign companies. Labour Welfare Minister T.M. Anbarasan said the State was all set to become a major hub of automobile industry. Already, 50 per cent of the automobile ancillary products were produced in Tamil Nadu. Kancheepuram district would soon become a major automobile industrial belt.
Consul-General of Japan Yoshiaki Kodaki said India was the second most desirable destination for Japanese companies. Tamil Nadu was the most sought-after destination in view of its industry-friendly environment.
More in pipeline
Industries Secretary Shaktikantha Das said more major automobile industries would be coming up at Oragadam. President and chief executive officer, KIPL, M. Sakane, said the industry-friendly environment and easy access to foreign destinations by air and sea from Chennai attracted the company to invest around Rs.75 crore in setting up its unit at Oragadam.
Chairman and managing director, L & T, A.M. Naik, managing director, KIPL, S. Ueno, Sriperumbudur MP A. Krishnasamy and Sriperumbudur MLA D. Yasodha participated.