Trade bodies in the region have welcomed the development projects and aims proposed in the Tamil Nadu Vision 2023 document unveiled by Chief Minister Jayalalithaa on Thursday.
Projecting a total investment of Rs.15 lakh crore, the vision aims to make Tamil Nadu one of the top three destinations for investment in Asia through improved investment climate.
Hailing the vision document, the Tamil Nadu Chamber of Commerce and Industry said that it was a master plan for upgrading the State to a global level while the growth of infrastructure would slingshot the State in to a high growth trajectory.
The document envisaged developing ten world class cities in Tamil Nadu by significantly upgrading the infrastructures of existing cities besides improving urban infrastructures across the State to develop ten agglomerates on par with world class standards. It would provide adequate impetus for an accelerated economic growth and ensure regional and balanced development across the State, said S. Rethinavelu, Chamber senior president.
The signing of a MoU by SIDCO and Indian Oil Corporation on developing a LNG Import Terminal at Kattupalli in Thiruvallur District during the same function when the vision document was unveiled had reassured the people that all the proactive schemes embedded in it would be implemented in stages.
The Chamber also conveyed its appreciation for announcing a number of schemes to stimulate industrial and economic growth in southern districts. They include the schemes for upgrading Madurai- Tuticorin and Coimbatore-Madurai highways as industrial growth areas and connecting Chennai, Coimbatore, Madurai and Kanyakumari through high speed trains.
Welcoming the Vision Documents, Madurai District Tiny and Small Scale Industries Association (MADITSSIA) said that according importance to inviting private sector investments and imparting industrial training were steps in the right direction.
MADITSSIA President V.S. Manimaran said that the allocation of Rs. 20,000 crore for modernising the power sector through ‘smart grids’ and other technology will provide great relief to micro, small and medium enterprises which were seeking uninterrupted and quality power supply. The total planned outlay of Rs. 4.5 lakh crore would contribute immensely to solving the power crisis
Further, he also welcomed the move to elevate the infrastructure at Madurai Airport to global standards.
