News On Projects
Products & Services
Projects Database
Tenders Database
E - Newsletter
EPXonline.com
Project Financing
Contracts & Awards
Energy
Electricity
Mining
Oil & Gas
Infrastructure
Airport
Port
Railway
Road
Freezone
Construction
Manufacturing
Cement
Engineering
Automobile
Plastic
Metal
Textile
Paper & Packaging
Leather
Sugar
Edible Oil
Electrical & Electro
Processing
Chemical
Drugs & Pharma
Fertiliser
I-C-T
Communication
IT
Telecom
Water
Pump Station
Water Treatment
Water Supply
Hospitality
Hotel
Restaurant
Resort
Entertainment
Sports
Multiplex
Theme Park
Food & Beverages
Hospital
Service
Social
Science
Irrigation
Government
Policy
Economic Indicators
Company News
Commerce
Miscellaneous
News Uploaded On : Saturday, March 10, 2018 11:00:00 AM IND Back  |  Latest Projects  |  Latest Tenders
 
 E-mail this to a friend        Printable version       Story Viewed 3508 Times
French aerospace company in talks to set up facility in TN.
A delegation from a French aerospace company on Thursday held discussions with the State government to explore the possibility of setting up a facility in Tamil Nadu at a cost of Rs. 2,500 crore, said Industry Minister MC Sampath.

“We have assured them all support. We have also said that we would provide whatever incentive and subsidy offered by the neighbouring States,” he said addressing a public session on TN Vision 2023: Through Transformational Leadership on the occasion of CII Tamil Nadu Annual Day 2017-18.

Later, during an interaction with newspersons, when asked whether the French company was Airbus, the minister was non-committal. “We do not comment on discussions that may or may not be going on with different stakeholders,” said an Airbus spokesperson when asked if it was investing in Tamil Nadu.”

Sampath said Tamil Nadu is ahead of most other States in attracting investments.

On the Madurai-Thoothukudi industrial corridor, the minister said Mahindra Consultancy has given its report, and a special officer will be appointed soon.

Global investors meet

On Global Investors Meet to be held in January 2019, the minister urged industry associations to help the State get an investment commitment of nearly Rs. 3 lakh crore.

On the aerospace park in Sriperumbudur, Sampath said 14 companies will set up their facilities in the park, and a computing centre is being set up at a cost of Rs. 250 crore.

With Tamil Nadu being a leader in multiple segments, including auto, auto components, textile and IT-ITeS, there is a need to re-brand and project the competitive advantage of the State in areas of infrastructure, talent pool creation and skill development, which will attract and retain investment, according to a CII report, Tamil Nadu Vision 2023: Growth Drivers, released by the minister at the event. The report called for the creation of an industry advisory board to interact with the government, on vision, policy frameworks, implementation and building ecosystems in both traditional and emerging areas.

The State government should focus on infrastructure and connectivity to tier II and tier III areas along the proposed industrial corridors to ensure inclusive and equitable growth, the report said.

Some of the CII’s key recommendations are setting up of new auto industrial parks near Tiruchi and Coimbatore; policies for aerospace and defence, textile industry modernisation, electronics and IT including IoT, cyber security and AI and healthcare; and amendments to the Industrial Disputes Act and Contract Labour Act.

HBL

Post your comments:

Your name: *
E-Mail Id:
E-mail ID will not be published
Comment: *
Maximum 500 Characters
    
Related Stories
Singareni Collieries plans to set up 300 MW solar units.
NBCC to construct AIIMS in Himachal Pradesh.
PNC Infratech provides update on Jhansi-Khajuraho road project.
Embassy group pledges additional Rs. 200 crore in BMRCL.
Patanjali cancels proposed Rs. 6,000-cr mega food processing park in UP.
Wipro Infra sets up industrial automation unit in India.
Indiabulls realty arm to transfer 24 acres in Panvel to MMRDA .
Amazon installs solar panels at fulfilment centres, to generate 8,000 kW of solar energy.
Allcargo arm Avvashya Logistics to invest Rs. 400 cr to expand warehouse capacity.
Embassy pledges Rs. 300 cr for Bengaluru infra development.
RELATED PROJECTS & TENDERS

Projects

... More projects

Tenders

Click here to view Tenders Database
ADVERTISEMENT
MOST POPULAR STORIES NOW
For all enquiries please contact
Tel: 022 - 25961254, 25960909
Mobile: 9821464666/09751178830
Mail: marketing@newsonprojects.com

OUR OTHER PRODUCTS & SERVICES:    Projects Database   |   Project e-Newsletter   |   Tenders Database   |   Commissioned Power Plants   |   Company Index
About Us   |   Contact Us   |   Terms of Use   |   Advertise with Us   |   Privacy Policy   |   Disclaimer   |   Feedback