Govt's initiatives in south TN welcomed

The Confederation of Indian Industry (CII),Madurai zone, today welcomed the Tamilnadu government's offer of a host of special incentives to investors setting up industrial projects in the nine districts of South Tamil Nadu.

R Dinesh,Chairman,CII,said the incentives would enhance the industrialisation process of South Tamil Nadu. In a statement, he said though the state had been ranked third in terms of FDI, the southern districts had not directly benefitted so far. The special incentives pacakage on VAT and CST would help attract more investments to the region, he said.

 

The CII had been regulary highlighting the advantages the Southern districts enjoyed and hoped that these initiatives would help accelerate the industrialisation of the South.

Further development of Madurai-Tuticorin corridor,focus on Madurai tuticorin airports,and linking madurai tuticorin and Madurai Tirunelveli corridors would support the industry.

Dinesh requested the government to frame a new IT policy in such a way that it helped IT companies look at investments in Tier II and Tier III cities.