Madurai

Efforts to bring ₹1000 cr. investment to Virudhunagar: Minister

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Virudhunagar

Efforts would be taken to bring ₹1000 crore investment to Virudhunagar district and at least 500 new investors would be created, said Minister for Dairy Development, K.T. Rajenthra Bhalaji.

He was addressing a roadshow for micro, small and medium scale investors organised here on Monday ahead of the Global Investors Meet to be held in Chennai on January 23 and 24.

The Minister said though ₹800-crore investment was targeted for Virudhunagar district during the GIM, so far 344 memoranda of understanding worth ₹837 crore have been signed.

Stating that ₹16,532.67 crore worth MoU was signed with 10,073 marginal, small and medium scale industries during 2015 GIM, he said the investors were promised of assistance to get bank loans and also to get subsidy.

Similarly, they were provided all the assistance including providing them all legal permissions within 30 days of submitting applications through a single widow system.

The Minister said that through new investment all possible help to the weavers of Aruppukottai would be provided.

The investors would get basic amenities like water, roads, electricity would be provided.

Staing that the district had a variety of industries like spinning mills, fireworks, printing, matches, he said entrepreneurs should come forward to make use of the opportunity.

Collector, A. Sivagnanam, Srivilliputtur MLA, M. Chandra Prabha, General Manager, District Industries Centre, Marimuthu, Deputy Directors, Kamalakannan and Murugesan, Virudhunagar Chamber of Commerce and Industry, V.V. S. Yogan, were present.

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Printable version | Jan 28, 2020 10:22:04 PM | https://www.thehindu.com/news/cities/Madurai/efforts-to-bring-1000-cr-investment-to-virudhunagar-minister/article25874156.ece

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