Earlier, one of the eligibilities to receive incentives was that the liquid oxygen plant must commence commercial operations by the end of this year; now, the State government has extended it till December 31, 2022
A formal order on environmental clearance from Tamil Nadu Pollution Control Board for the SIPCOT Industrial Park on a 1,077-acre site near Manapparai is expected to be issued shortly, sources said.Wit
New industrial policy puts more districts on investment map, not just Chennai
February 22, 2021
Neeraj Mittal, MD & CEO of Guidance Tamil Nadu×
Package gives more weightage for investments in southern TN and other industrially backward areas The new industrial policy of Tamil Nadu government has added more measures and incentives to ensure balanced industrial development across the State, says Neeraj Mittal, MD & CEO of Guidance Tamil Nadu, the State nodal agency for investment promotion.
Apart from being a manufacturing hub for automobiles, chemicals, petrochemicals, food processing and electronics, the State also has a strong base in software and IT services. The manufacturing sector contributes to about 25 per cent to the State economy. Also, in recent years, Tamil Nadu has been attracting investments in new segments – in what are called sunrise sectors.