The Tamil Nadu government has appealed to investors to consider the 20 industrial park set up in the State, and tap the business opportunity in developing the 12 new parks that are being established.

R Selvaraj, Managing Director, State Industries Promotion Corporation of Tamil Nadu (Sipcot), said the new projects include a pharma park in Tiruvallur and an integrated textile park in Ramanathapuram, close to the Tuticorin port.

This apart, an aerospace park is being developed in Chennai and a plastics park is also planned. Selvaraj said at the Tamil Nadu Investors Summit here, as part of the Make in India Week, that the State government is likely to complete 10 major land acquisitions in a few months, offering world class infrastructure and IT and electronics support to industries.

M Velmurugan, Executive Vice-Chairman, Tamil Nadu Guidance Bureau, said the State is showcasing its infrastructure, human resource advantage and cost-competitiveness worldwide.

The State is a silent success story, growing at an average rate of 8 per cent, he added. It is promoting investments in heavy engineering, renewable energies and IT and electronics.

Ambuj Sharma, Additional Chief Secretary and Commissioner of Industries, said the State government seeks to promote ‘clean and green’ technologies and industries and wants to offer support to the MSME sector through common facility centres.

He invited investors to come forward to upgrade the existing industrial estates in joint ventures with the State government.

Source: Business Line