Sipcot open to joint ventures with landowners, says CM
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Sipcot open to joint ventures with landowners, says CM

By The Hindu calender  13-Jul-2019

Sipcot open to joint ventures with landowners, says CM

A day after the Industries Minister presented his department’s demands for grants in the Assembly, Chief Minister Edappadi K. Palaniswami on Friday announced a slew of measures to attract more investments into Tamil Nadu, including joint ventures with owners of large parcels of land.
“To enable all districts to become industrial hubs, Sipcot will sign joint ventures with private persons who have 100 acres or more of land to set up industrial parks,” Mr. Palaniswami said while making a suo motu statement on investments in Tamil Nadu on the floor of the Assembly.
The Chief Minister said the government will create ‘Investment Ambassadors’ across the world through Tamil citizens living abroad, Tamil Sangams and industry groups to create awareness about investing in Tamil Nadu, provide consultations and attract investments. The government will also create a special division called ‘Yaadhum Oorey’ (the world is a global village) and a website for the purpose, he added.

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