TN seeks to double exports to $30 bn by 2011

The Tamil Nadu Government on Monday announced a new industrial policy seeking to double exports from the state to 30 billion dollars by 2011 that would create 10 lakh additional jobs.

The Industrial Policy 2007, released by Chief Minister M Karunanidhi here, seeks to generate a total of 20 lakh jobs by 2011, raise manufacturing sector's contribution to state GDP from 21 per cent to 27 per cent, improve competitiveness and efficiency of SMEs and agriculture-based industries.

"As work on the Sethusamudram channel is in progress, the state government would take up with the Government of India upgradation of Tuticorin port into a modern deep water hub port," it said.

Also, the state would provide all facilitation and support for early implementation of modernisation and expansion plans for Chennai airport.

The state would also follow-up with the Centre the issue of upgradation of Madurai, Tiruchirapalli, Tuticorin and Coimbatore airports to handle wide-bodied aircraft.

A land bank of 10,000 acres for industrial parks would be developed across the state over the next five years with quality infrastructure facilities, including social infrastructure like skill development centres, housing, business centres, restaurants, financial services, schools and hospitals.

The land bank would be developed only in dry and barren areas and prime agricultural land would be avoided, the policy stated.

Source: Economic Times