Tamil Nadu has become a favoured destination for industrial investment and in the last four years, there were investments to the tune of Rs 46,091 crore by 37 major industries in the state.
Tamil Nadu has become a favoured destination for industrial investment and in the last four years, there were investments to the tune of Rs 46,091 crore by 37 major industries in the state, with employment opportunities for 2.21 lakh people, deputy chief minister MK Stalin said today.
The Small and Medium industries were contributing 45% of the total domestic industrial products and 40% exports from India, with functioning of more than 2.60 crore registered and unregistered micro, small and medium enterprises, he said.
On the power tariff hike, which came into effect from today, he said Government would look into the apprehensions expressed by small and medium industries in the region over the revision.
Inaugurating the 19th edition of 'STICON,' a State level convention of Micro and Small industries in Tamil Nadu, Stalin said Tamil Nadu Electricity Regulatory Commission had announced the revision of power tariff yesterday,which was done after a gap of eight years.
As a section of industrialists, particularly small industries, expressed their concern over the power hike, the government would look into the issue, he said.
Stating that the government had not shown any partiality between major and small industries, "which are like both eyes of the Government," Stalin said only through the contribution of both the segments, Tamil Nadu had become number one state in industrial growth.
On their memorandum, Stalin assured the small industries that government would consider their demands, including implementation of Industrial Township Development Authority
Act 1997, Flatted Factory complexes, Industrial Estate-
Price fixation of plots and power situation in Tamil Nadu.
Small industries could soon avail the benefit of the government order as in the Tamil Nadu Industrial Policy 2007,by which 20% land would be handed over to Small Industrial Development Corporation to distribute them to small and micro industries in all the new SIPCOT industrial Estates.
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