TN Govt to set up multi-storeyed industrial complexes, 2 new industrial estates for MSMEs

Chennai, Aug 31 (KNN) Tamil Nadu chief minister J Jayalalitha said that the government will set up a multi-storeyed industrial complexes at Tirumudivakkam for the micro, small and medium enterprises sector (MSMEs) which would also help them in getting loans from banks easily.

The multi-storeyed industrial complex would be set up at Tirumudivakkam on the outskirts of Chennai, at an estimated cost of Rs. 50 crore.

In a series of suo-moto announcements in the Assembly, Jayalalithaa said out of 12.94 lakh MSMEs in the state, 5.44 lakh are micro industries.

“Many of them work out of rented premises and due to this banks are not willing to extend loans to them. Rents are also quite high in big cities. In order to help these micro enterprises grow their businesses, a multi-storey complex housing 250 units, with each unit spanning 750 sq.ft will be set up at Tirumudivakkam,” the Chief Minister said.

The government would also set up two new industrial estates for the MSME sector at Namakkal and Sivaganga districts at a cost of Rs. 36 crore, she said.

Further, Jayalalitha said the government would set up a 300 kw solar power facility at a cost of Rs. 3 crore to provide electricity to an industrial estate in Kakkalur in Tiruvallur district.

Another Rs. 27 crore would be spent to develop and provide a number of facilities at industrial estates that would be developed in Virudhunagar, Coimbatore and Ramanathapuram, she said.

The Chief Minister also sanctioned Rs. 1.35 crore to set up a “Web Offset” printing facility at the government’s publishing unit at the Madras High Court to enable it to use the latest technology for its printing needs.