Special package of incentives for employees

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Chennai, Oct 17: Tamil Nadu will unveil a policy to provide a special package of incentives to employment-intensive industries without putting any condition on investment, Chief Minister M Karunanidhi announced on Thursday, Oct 17. The government was encouraging investments in employment-intensive industries. “To fulfil this goal, we are bringing out a policy to provide a special package of incentives to employment-intensive industries without putting any condition on the investment. I hope that this initiative will lead to creation of more jobs for our youth," he said, inaugurating a manufacturing facility for Nokia Siemens Networks (NSN).

Karunanidhi said the government was taking the industrialisation process to other parts of the State, especially the southern parts. Apart from Chennai region and the Coimbatore-Erode belt, the new investment proposals showed that Cuddalore, Tiruchiand Tirunelveli-Tuticorin were emerging as new growth centres, which would have ripple effects in the surrounding districts. Thus, the whole State would benefit from the fruits of industrialisation.

The government had entered into 21 MoUs since May 2006 for setting up new projects. The total investment in those projects would be Rs.31,300 crore and these were expected to provide jobs to about 1.93 lakh persons.

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