Despite the perceptible industrial growth registered in the State, a lopsided development is observed in the distribution of industrial units across the districts, according to the Annual Survey of Industries. It also said stagnation is noticed in the share of manufacturing in gross State domestic product over a period of time.
Dispersal of unitsTo overcome the problem, dispersal of industrial units to backward regions, especially in Southern districts is imperative, according to an economic appraisal for Tamil Nadu done for 2011-12 to 2013-14 by the Department of Evaluation and Applied Research.
Tamil Nadu is likely to witness an investment of nearly ₹30,000 crore in 2013-14.
This is a marginal increase over last financial year when the State signed memorandum of understanding for projects providing direct employment to 1.46 lakh with a total investment of ₹26,625 crore.
The Annual Survey of Industries (2011-12) released by the Central Statistics Organisation revealed that Tamil Nadu, with 36,996 factories and 19.41 lakh persons engaged in registered manufacturing industrial units, occupied the first position among major industrial States.
In terms of other industrial parameters such as fixed capital (₹1.61 lakh crore), productive capital (₹2.11 lakh crore) and gross value of output (₹6.08 lakh crore), Tamil Nadu occupied the third place. In net value added (₹76,179 crore), the State ranked fourth, the survey said.
TN tops in LIsAccording to the Ministry of Industry and Commerce, Tamil Nadu occupied first rank with regard to issue of letter of intents and direct industrial licenses (874) with more employment opportunities (1.52 lakh) between 1991 and 2013. In terms of proposed investment, Tamil Nadu occupied the fourth position (₹14,328 crore).
As of 2012- 13, the micro small and medium enterprises, with 8.5 lakh registered units and an investment of ₹48,190 crore provided employment opportunity to 58.53 lakh persons and the value of output stood at ₹1.84 lakh crore, the report said.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.