Business Daily from THE HINDU group of publications
Thursday, Jul 17, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Thursday, Jul 17, 2008 ePaper | Mobile/PDA Version | Audio |
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Industry & Economy
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Industrial Policy States - Tamil Nadu Govt identifies Gummidipoondi for industrial development M. Ramesh Chennai, July 16 The Tamil Nadu Government is planning to develop two large chunks of land in its possession in the Gummidipoondi taluk, into industrial centres. Sources in the Government said the State Industries Promotion Corporation of Tamil Nadu (Sipcot) is planning to develop 971 acres of land near the Thervoykandigai village and another 506 acres near the Surapoondi village, into industrial centres. They say that the Government plans to offer these two areas to prospective investors as alternatives to Sriperumbudur and Oragadam, the two emergent industrial centres near Chennai. “Everybody wants to go to Sriperumbudur or Oragadam,” observed one Government official. It is learnt that a large multinational company has evinced interest in taking up 200 acres at Thervoykandigai. With investment proposals pouring in, the State Government is pressing ahead with land acquisition. Sources said the Government would soon acquire 1,000-acres near the villages of Pillaipakkam and Navalur, near Chennai. It has also identified 1,798 acres near Sriperumbudur and 978 acres near Oragadam. Today, the industrial centres of Sriperumbudur and Oragadam, home to a number of marquee investments such as those of Hyundai, Saint Gobain, Nokia, Flextronics, Samsung, Caparo, Renault-Nissan, Daimler and Ashok Leyland, occupy about 7,000 acres of land. The plan is to expand add another 4,000 acres, sources said. More Stories on : Industrial Policy | Tamil Nadu
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