Chennai: To encourage the Micro, Small and Medium Scale Enterprises (MSME), the Tamil Nadu chief minister J Jayalalithaa on Tuesday announced special component package including creating additional land bank for setting up new industrial estates in the state, increasing subsidy for the machinery purchase and creating a single window clearance committee to facilitate speedy approvals for industrial estates.
Making a statement in the assembly, the chief minister also said since the price of land is high in and around Chennai and there was not enough space to create industrial estates, multi-storeyed industrial complexes will come up at Thirumazhisai in Thiruvallur district.
Jayalalithaa said the subsidy given to industrial units set up at under-developed areas would be increased from 15% of the equipment cost to 25%.
As a part of establishing new industrial estates and to encourage MSMEs, chief minister said that the state-owned SIDCO would set up a 2,000 acre land bank in a phased manner. "Land will be sold to entrepreneurs on a non-profitable basis by SIDCO and Rs 16 crore would be given to the state-owned enterprise to further strengthen its financial position", she added.
Jayalalithaa also informed that the industrial estates created for big establishments by SIPCOT would allot 20% land on a stretch for MSMEs.
Pointing out that industrial units in city residential areas create pollution, the chief minister said if any organisation comes forward to create industrial clusters on the outskirts, the government would grant 75% as subsidy to create their facilities.
"The maximum amount will be Rs 15 crore", she said adding that the government would grant 50% subsidy for industrial clusters for new companies.
Besides, a special training programme will be introduced for the women entrepreneurs through state-owned Entrepreneurs Development Institute, "to implement the training programme Rs 5 crore will be given to the institute as state government's subsidy."
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