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Tamil Nadu govt to establish four new industrial estates

Updated: Sep 03, 2021 10:59:12am
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Chennai, Sept 3 (KNN) The Tamil Nadu Small Industries Corporation Limited (TANSIDCO) will soon establish four new industrial estates at Manapparai in Tiruchy, Sakkimangalam in Madurai, Kaverirajapuram in Tiruvallur and Kodur in Chengalpattu in 394 acres at a projected cost of Rs 218.22 crore, said Minister for Rural industries T M Anbarasan.

While speaking during a debate on demand for grants for MSME department in the Assembly on Thursday, Anbarasan said that the estates to be developed by TANSIDCO would generate 7,000 jobs.

The minister also announced a new park for sculptors to be established at Kadumbadi in Chengalpattu at a cost of Rs 23 crore.

Referring to the financial strain faced by MSMEs during the pandemic induced lockdown, Anbarasan said the Chief Minister had held talks and announced sops for the MSMEs affected by the pandemic shortly after assuming office.

He further said that Rs 280 crore was allocated for capital subsidy for MSMEs in the current fiscal, adding, ''about Rs 168 crore was disbursed to 1,975 MSMEs as on July 31, 2021.''

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