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TN govt announces four industrial parks in Budget 2023-24

Updated: Mar 20, 2023 05:27:34pm

TN govt announces four industrial parks in Budget 2023-24

Chennai, Mar 20 (KNN) Tamil Nadu Finance Minister Palanivel Thiaga Rajan on Monday presented the budget for 2023-24 with emphasis on education, infrastructure and healthcare sectors. 

During the Budget presentation, the finance minister announced four new industrial parks at Virudhunagar, Vellore, Kallakurichi and Coimbatore at an estimated cost of Rs 410 crore. “The Tamil Nadu government is committed to ensuring balanced industrialisation of all parts of the state,” he said.


The Finance Minister also announced the establishment of the  “Tamil Nadu Tech City (TNTech city)” at Chennai, Coimbatore and Hosur to promote the state as a global hub for IT/ITeS and to meet the increasing demand for quality office space.

Other Key announcements included the launch of the Kalaignar memorial multi super speciality hospital in Guindy, Rs 1000 crore infrastructure boost for North Chennai and Metro rail projects in Coimbatore and Madurai among others.

The textile industry in the state got a boost as the government announced the establishment of a new textile park in Salem at a cost of Rs 880 crore with funding from Union and state governments and private sector participation.

To establish better connectivity and provide various digital services at an affordable cost, the Government will set up a “Unified Digital Infrastructure”, that will create high speed optical fibre network from the State Headquarters to all districts.

Tamil Nadu government will also set up a world class skill centre named “Tamil Nadu World Innovation and Skill Training Hub” (TN-WISH) at Ambattur at a cost of Rs 120 crore with the objective of providing skill training to trainers in ITIs and polytechnics and to create a highly skilled workforce.

A state-of-the-art Skill Development Centre will be established, at an estimated cost of Rs 80 crore at SIPCOT Industrial Park in Krishnagiri district.

Rajan during his address pointed out that State's own tax revenue is expected to increase to more than Rs 1.5 lakh crore in FY24. It was over Rs 1.4 lakh crore in the current fiscal.  (KNN Bureau)


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