Coimbatore, March 21 (KNN) Industry bodies in Coimbatore have welcomed the announcements made for the industrial sector in the state budget 2023-24 tabled in Parliament on Monday.
At the budget briefing, Tamil Nadu Finance Minister Palanivel Thiaga Rajan said the construction of Virudhunagar, Vellore and Kallakurichi, at an estimated cost of Rs 410 crore, will provide employment opportunities to around 22,000 people. announced the construction of four industrial parks in Coimbatore.
He also announced the establishment of TNTech City in three cities to promote Tamil Nadu as a global hub for information technology. In this budget, the Ministry of Industries was also allocated Rs 3,268 crore.
Speaking to TNIE, CODISSIA (Coimbatore District Small Scale Industries Association) President V. Thirugunanam said that the announcement will create more job opportunities for unemployed youth in the district.
“With the announcement of the TNTech City project, our youth will be able to work in their hometowns instead of going to look for jobs in the IT sector in Chennai, Bangalore and Hyderabad. This will revolutionize the IT industry in Coimbatore. Sho.”
South India Flour Mills Association (SIMA) President Ravi Sam pointed out that the announcement to set up a new SIPCOT industrial park is the need of the times.
Mr Sam appreciated the announcement regarding the major expansion of skills training infrastructure, with factories proposed to be used as skills development centres.
J. James, Coordinator, Federation of Coimbatore Industries Associations (FOCIA) and Coimbatore District President, Tamil Nadu Cottage, Small and Micro Entrepreneurs Association (TACT), told TNIE: The presence of migrant workers in industry deserves recognition. ”
“While most of the announcements are from a development perspective, we businessmen are a bit disappointed as the government has not withdrawn the industrial electricity tariff hike and there has been no announcement regarding MSME parks,” he said. added.
Indian Chamber of Commerce and Industry, Coimbatore district president B. Shiramal said the chamber was pleased to support the seven initiatives made in the budget, including the metro rail, Semoji Punga and the announcement of a bank loan target of Rs 30,000 crore for women themselves. He said he welcomed the important announcement. -Help group. (KNN General Bureau)
