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The Madurai District Tiny and Small-Scale Industries' Association (Maditssia) has said the Tamil Nadu Budget is growth-oriented.
Mr N. Somasundaram, President of the association, in a statement here, said the announcement of the new land acquisition policy, the move to establish exclusive industrial estates to attract investors, the 3 per cent interest rate rebate for micro, small and medium industries, and the provision of Rs 100 crore to promote the export of coir and jute-based industries were all welcome features in the Budget.
Training institute
The proposal to set up a modern training institute under the public-private partnership model to train youth in hi-technology areas and measures to encourage youngsters to take up entrepreneurial ventures with institutional support were also welcome initiatives.
He welcomed the steps taken by the Government to improve power generation in the State, including investment in wind energy generation and the establishment of a 50 MW solar park under the public-private model, e-governance in commercial-tax administration and re-introduction of the Samadhan scheme for collection of old arrears.
The Tamil Nadu Chamber of Commerce and Industry has described the Tamil Nadu Budgetaspro-active with welfare and growth-oriented schemes for everyone.
Cluster development
Mr N. Jegatheesan, President of the Chamber, and Mr S. Rethinavelu, Senior President, said that the development of 50 clusters under Cluster Development Programme, assurance to improve power generation and gradual reduction of power cut and elimination by August 2012, constitution of Tamil Nadu Infrastructure Development Board to accelerate industrial growth were welcome features.
He, however, urged the Government that necessary steps should be taken to attract big software industries to set up shop in the Software Technology Parks established in Madurai and Tirunelveli.
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