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Old October 2nd, 2006, 11:52 PM   #881
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Tamil Nadu tops in getting foreign funds

2,990 associations received Rs.1,190.64 crore in 2004-05

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Official handbook of the Foreign Contribution (Regulation) Act released
It was brought out jointly with Standard Chartered Bank
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CHENNAI: Tamil Nadu tops the list of recipients of foreign funds with Rs.1,190.64 crore coming through 2,990 associations in 2004-05. According to the official handbook of the Foreign Contribution (Regulation) Act, 1976, released jointly by the FCRA Wing of the Union Home Ministry and Standard Chartered Bank (SCB) on Friday, a total of 18,540 associations received foreign contributions amounting to Rs.6,256.68 crore.
World Vision of India, Tamil Nadu, received the highest amount of Rs.133.57 crore, followed by the Rural Development Trust, Andhra Pradesh (Rs.118.75 crore), Sri Sathya Sai Central Trust, Andhra Pradesh, (Rs.77.57 crore), Caritas India, Delhi, (Rs.65.30 crore) and Foster Parents Plan International Inc., Delhi, received Rs.64.91 crore. Reeling out the statistics at a news conference, D.S. Mishra, Joint Secretary (Foreigners), Union Home Ministry, said in 2004-05, a total of 70 associations received foreign contribution in excess of Rs.10 crore, 112 associations between Rs.5 crore and Rs.10 crore, 985 associations between Rs.1 crore and Rs.5 crore and the remaining 17,373 below Rs.1 crore.
Among the States and Union Territories, Tamil Nadu received Rs.1,190.64 crore, followed by Delhi (Rs.1,075.23 crore), Andhra Pradesh (Rs.913.17 crore), Maharashtra (Rs.552.41 crore) and Karnataka (Rs.511.99 crore). Among the districts in different States, Chennai received (Rs.560.40 crore), followed by Bangalore (Rs.376.97 crore), Mumbai (Rs.321.82 crore), Ananthapur (Rs.287.70 crore), Kolkata (Rs.206.35 crore) and Hyderabad/Secunderabad (Rs.178.11 crore).
Explaining the major initiatives undertaken during the last three years to enhance accountability, transparency and responsiveness to meet the requirements of the stakeholders, Mr. Mishra said mentioned introduction of online status enquiry, revamping monitoring system, standardisation of work process for disposal of applications, empowerment of stakeholders and transparency in enforcement.
Launch of the online facility to facilitate applicants to register and provide details of the Annual Returns would go a long way in enhancing the transparency levels of the NGO, besides helping the Union Home Ministry to monitor the voluntary agency, he said. Neeraj Swaroop, Chief Executive Officer, SCB, India, said as a foreign bank, it took pride in associating with the Union Home Ministry in bringing out the handbook.

http://www.hindu.com/2006/10/03/stor...0305110500.htm
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Old October 3rd, 2006, 04:48 AM   #882
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Hosur looking to woo investors

Hosur looking to woo investors

R. Chandrakanth

The town is eying companies located in Bangalore

Hosur is just 30 km from Electronics City
Industrial growth has been stagnant for some years
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Bangalore: If the proposal sent by the Krishnagiri district Collectorate gets the stamp of approval from the Tamil Nadu Government, Hosur will become the next Noida or Navi Mumbai, giving Bangalore a run for its money with regard to industrial development.

The collectorate has completed a comprehensive study of the Hosur belt and suggested, among other things, a software technology park, a floriculture park, a special economic zone (SEZ) and the development of massive commercial and residential areas.

Hosur has been dovetailing on the strength of Bangalore's talent pool, but industrial growth has been stagnant for some years now.

Having been an industrial hub for over two decades and home to the manufacturing plants of Ashok Leyland, Titan Industries, T.T.K. Prestige, Reckitt Benckiser, Hindustan Lever, TVS Motors and so on, Hosur is now eyeing investments from IT (information technology) majors.

The town is just 30 km from Bangalore's Electronics City and sees enormous potential to woo companies from across the border.

The Union Ministry of Commerce has approved the Hosur SEZ, which will come up on over 3,000 acres at a cost of Rs. 512 crore. It is likely to attract investments from the IT sector. Prohibitive land prices in Bangalore, the collectorate believes, will be the driver for companies in and around Bangalore to think of moving across the border.

Already some developers from Karnataka have started acquiring land for both residential and commercial development.

"It is much faster to reach Electronics City from Hosur than from Bangalore city, though this may change once the elevated expressway comes up between Madivala and Electronics City," says Mr. Vakil, a developer.

Maran pitches in
Making a pitch for Hosur Making a pitch for Hosur is no less than Union Minister for Communications and IT Dayanidhi Maran, who wants the town to compete with Bangalore and has been talking to industries here to invest across the border.
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Old October 3rd, 2006, 11:28 PM   #883
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Karunanidhi promises support for Singapore-India Economic Zone

Tamil Nadu is the ideal place for the project: Senior Minister

CHENNAI: Singapore's Senior Minister of State for Foreign Affairs Balaji Sadasivan on Tuesday said Chief Minister M. Karunanidhi agreed to support the Singapore-India Economic Zone, proposed to be set up in the State. Shortly after meeting the Chief Minister at his residence here, Mr. Sadasivan said he discussed with Mr. Karunanidhi the project. The proposal was also discussed at the level of the Governments of Singapore and India. Prime Minister Manmohan Singh was briefed about the proposal, he added.

Cultural ties
When the question on the location of the economic zone arose, "we found that Tamil Nadu is the ideal place for this project" in view of the State's proximity to Singapore. He said that his country and Tamil Nadu had cultural ties for a long period. Describing Tamil Nadu as a power-driven State, he said a lot of developments had been taking place in the State.
Little Singapore
As the manufacturing cost of products was high in Singapore, industrialists were looking for new places to invest with a view to reducing the cost of production, he said, adding that the proposed project would be like a "little Singapore in India." In the integrated Singapore-India Economic Zone, all sectors would be covered, though electronics would form the main sector. Officials were working out details of the project, Mr.Sadasivan said.
Minister for Electricity Arcot N.Veerasamy, who was present at the meeting, said the project would come up along the Chennai-Kolkata National Highway, close to the city. Mr. Sadasivan was accompanied by Director (South Asia and Sub-Sharan Africa, Ministry of Foreign Affairs) S.Premjith, Assistant Director (South Asia Ministry of Foreign Affairs) Harry Goh, Assistant Director (South Asia, Ministry of Trade and Industry) Wong Choo Sin and Country Officer (South Asia, Ministry of Foreign Affairs) Eunice Lee.

http://www.hindu.com/2006/10/04/stor...0408100400.htm
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Old October 3rd, 2006, 11:30 PM   #884
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UNICEF official lauds State

Indicators showed it had made progress in child welfare
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All round progress in achieving Millennium Goals
It had taken steps such as making school education free
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CHENNAI : The Deputy Executive Director of the United Nations Children's Fund (UNICEF) Rima Y.Salah on Tuesday commended the State Government for its all-round progress in achieving the Millennium Goals. Shortly after holding discussions with Minister for School Education Thangam Thennarasu and Chief Secretary L.K.Tripathy, she told reporters at the Secretariat that the State Government had taken significant steps such as making school education free, apart from providing free textbooks and uniforms to students. She also appreciated the State for its noon-meal scheme. All these were ingredients that made education successful, she pointed out. All indicators had also shown that the State had made a great progress in promoting the welfare of children.
For instance, the child mortality rate was at the level of 40:1000, which was good when compared to many countries. Still the officials in the State had told her that they could do better, she said.
Quality of education
Referring to the meetings she had with the Minister and the Chief Secretary, Ms. Salah said the discussions revolved around issues relating to methods to improve the quality of education. Though the rate of enrolment had gone up, children could not be retained in schools if the quality of education was not improved, she added. The UNICEF wanted to reinforce its partnership with the State Government in areas such as inclusion of life skills and better training for teachers, besides having integrated programmes, particularly based on the experience gained from the activities in schools in the tsunami-hit areas. The UNICEF was ready to share experience and technology with the State Government.
As 50 per cent of the children in many countries were out of schools, it became important to create child-friendly schools, she said, adding that non-Governmental organisations could play a key role in improving the situation as they were close to the communities. Sanitation and water facilities had to be improved in schools to attract children to education.

http://www.hindu.com/2006/10/04/stor...0408120400.htm
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Old October 4th, 2006, 10:07 PM   #885
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TNEB to increase production by 3,000 MW

Three units for Ennore, Tuticorin thermal stations cleared

CHENNAI: The Tamil Nadu Electricity Board's generating capacity is set to go up by at least 3,000 megawatt (MW) in the next five years with three additional units for Ennore and Tuticorin thermal power stations getting approval. The board is carrying out spadework for projects at the Mettur and North Chennai thermal power plants and in the Kundah group of hydel plants.
For implementing all the expansion projects, an investment of Rs. 12,000 crore will be made, considering that the average cost of one MW is Rs. 4 crore.
While Tuticorin will have two more units of 500 MW each, Ennore, Mettur and North Chennai will get one additional unit of the same capacity. At Kundah, there will be four units of 125 MW. These projects will be in addition to the TNEB's participation in a few joint venture schemes. At present, the TNEB's plants — hydro, coal-fired and gas-based — have the total capacity of generating 5,550 MW. Besides, the State gets power from the private sector, stations run under the Central sector and other sources, accounting for around 4,530 MW. Apart from them, the total capacity of windmills, biomass and solar plants and co-generation units is about 3,365 MW.
In the case of the projects in Ennore and Tuticorin, the board will initiate the process of selecting consultants soon, sources say. They will prepare detailed project reports (DPRs) and provide specifications of the proposed plants. Studies on environment impact assessment and environment management plan will be carried out. After obtaining statutory clearances, global bids will be floated.

http://www.hindu.com/2006/10/05/stor...0507720100.htm
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Old October 4th, 2006, 10:08 PM   #886
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Singapore, Tamil Nadu keen on manufacturing cluster

"Singaporean firms want to tap skilled manpower in State"

CHENNAI: Singapore and Tamil Nadu are keen on creating a large-scale manufacturing cluster, on the lines of the proposed Singapore India Economic Zone, Singapore's Senior Minister of State for Foreign Affairs Balaji Sadasivam said on Wednesday.He said there was potential to create three such zones, and one of them would be located in Tamil Nadu. Singapore had set up social manufacturing zones in China and Vietnam.
In China, a manufacturing cluster had been established on 70,000 acres for Singaporean companies. At an interactive session organised by the Confederation of Indian Industries, Mr. Sadasivam said a large number of Singaporean companies and multinationals based in Singapore were considering setting up distributed manufacturing networks in China and India. "They are keen to invest in Tamil Nadu to tap the large pool of skilled manpower and engineering skills available in the State." As a result of improved political and business relations between the two countries, Singapore companies were keen on recruiting Indian engineers. Because of the cultural and linguistic ties between Singapore and Tamil Nadu, Tamil Nadu's tier two cities, including Coimbatore, could also provide an identical business environment for Singaporean companies.

Air connectivity
The Singapore Government would work towards improving air connectivity between Singapore and Tamil Nadu's tier two cities, he said.

http://www.hindu.com/2006/10/05/stor...0503210500.htm
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Old October 6th, 2006, 11:47 PM   #887
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The Central Government on Friday approved 25 more special economic zones (SEZs)

Suzlon Infrastructure's SEZ for high-tech engineering (Coimbatore) and Lotus Footwear Enterprise, contract manufacturers for NIKE Shoe (Thiruvannamalai) in Tamil Nadu received the formal nod.

http://www.hindu.com/2006/10/07/stor...0702381700.htm

Last edited by Anniyan; October 6th, 2006 at 11:52 PM.
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Old October 7th, 2006, 09:17 PM   #888
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Centre gives go ahead for 13 SEZ in TN:

Formal approvals were given to 7 SEZ proposals


1)non-conventional energy SEZ - 107 hectares, Coimbatore

2)Lotus Footwear Enterprise(for Nike) Footwear SEZ- 111 hectares, Cheyyar, Tiruvannamalai Dist

3)Hardware and software SEZ - Kanchipuram

4)Covai Eechanari IT SEZ - Coimbatore

5)Pyanoor IT SEZ - Chennai

6)IT/ITES SEZ - Sozhinganallur, Chennao

7) 26 hectare IT/ITES SEZ - Kalapatti , Coimbatore


in-principle sanction were given to 6 proposals:

1)Hosur pharma SEZ - Hosur

2)40 hectares SEZ - Mannur village, near Sriperumbudur

3)Auto component SEZ- 126 hectares Seekinakuppam, Kanchipuram Dist

4)Multi product SEZ - 121 hectares Seekinakuppam, Kanchipuram Dist

5)Garments & Textile SEZ - Krishanagiri

6)TIDCO's 1225 hectares multiproduct SEZ - Perambalur
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Old October 8th, 2006, 10:22 PM   #889
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DLF proposes to develop SEZs

Real estate and infrastructure development group DLF plans to invest Rs. 10,000 crore in the development of Special Economic Zones, integrated townships, hotels and convention centres in Tamil Nadu.

DLF vice-chairman Rajiv Singh met Chief Minister M. Karunanidhi here on Sunday and submitted a number of proposals.

DLF chief executive, commercial, S. Vasudevan told The Hindu that the proposals included an offer to build a multi-product special economic zone and satellite town at Nanguneri, Hosur or Perambalur, all three mentioned in the Chief Minister's budget speech.

During the meeting, Mr. Singh also offered to develop roads, bridges and airports across the State through public-private partnership.

A government release said the Chief Minister was keen that large-scale multi-product SEZs were taken up by groups like DLF. He asked the company to present more concrete and detailed proposals to the departments concerned.

Meetings planned

Mr. Vasudevan said meetings with the Chief Secretary and other departmental secretaries would take place this week and specific announcements were likely by the end of the month.

The release said the projects would "not only generate massive direct and indirect employment, but would also strengthen Tamil Nadu's position as a leading investment destination in the country, and accelerate economic growth in the State."
http://www.hindu.com/2006/10/09/stor...0903170500.htm
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Old October 9th, 2006, 05:06 AM   #890
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Quote:
Originally Posted by Anniyan View Post
Centre gives go ahead for 13 SEZ in TN:

Formal approvals were given to 7 SEZ proposals


1)non-conventional energy SEZ - 107 hectares, Coimbatore

4)Covai Eechanari IT SEZ - Coimbatore

7) 26 hectare IT/ITES SEZ - Kalapatti , Coimbatore

1 is suzlon's sez
7 is TCS, WIpro and Tidel park sez
4 Does anybody have any info on on Covai Eeechanari IT SEZ? Like area or who is promoting it?
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Old October 9th, 2006, 05:23 AM   #891
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Nice article on SEZs in TN

•The State Industries Promotion Council of Tamil Nadu (SIPCOT) is making available barren land to SEZ developers

Tamil Nadu perceives Special Economic Zones (SEZs) as centres to provide employment to skilled and unskilled labour force by utilising uncultivated fallow land. For farmers and land-owners, who are dependent upon rains and often suffer from negative returns, SEZs provide an exciting option for exit.
Irrespective of what is happening in other states, the SEZ development process in Tamil Nadu is going on smoothly. Acquisition of land by the state government or purchase of land by developers has not become a major issue in the state.

One of the reasons for this peaceful development is that most of the SEZs proposed in the state are industry-specific and they do not require land in excess of 330-400 acres. Often the land requirement is much less. This is in contrast to the big SEZs being set up in states like Maharashtra or Haryana.

In Tamil Nadu, the land is being made available to the SEZ promoters through multiple channels.

The principal source of land in Tamil Nadu is the State Industries Promotion Council of Tamil Nadu (SIPCOT) which has already acquired land, mostly ‘low biological potential land’ and dry stretches, to be leased out to industries in the periphery of Chennai and other cities and towns. All the major industries like Sterlite in Tuticorin, Hyundai at Irungattukottai, St.Gobain, Nokia, Flextronics, Motorola etc at Sriperumbudur, are being built on SIPCOT land. Some of them like Nokia are developing SEZs on the land allotted to them.

Land, previously owned by large corporate houses like Standard Motors is also being made available to the SEZs. Tuticorin and Ennore ports have proposed SEZs in their lands. Nanguneri in the south, is the large multi-product SEZ, mostly on government-owned fallow land.

In all these cases owners willingly sell their lands because agriculture in most parts of the districts close to Chennai and other cities has been a loss-making proposition and many farmers had left their land fallow for many years.

A good price and a large sum of money at one go was a great attraction for them and they readily sold the land to government agencies or corporate houses or individuals. Market dynamics play the pivotal role in getting land for non-farm activities in Tamil Nadu, says Ramesh Nair from Jones Lang Laselle.

Real estate market analysts like Rajesh Babu of RECS group says that there could be farmers resistance only if somebody ventured to acquire land in the Cauvery delta region or fertile regions in the Madurai or Kanyakumari districts.

This is most unlikely in the near future.

http://www.financialexpress.com/fe_f...tent_id=142807
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Old October 10th, 2006, 12:16 AM   #892
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New desalination plant

MUMBAI: The Beta group is putting up a Rs. 250-crore expansion plan in the cashew nut business for its `Nut King' brand in the four metros in the next one year. It also plans to diversify its activities by starting with a $200-million investment in a state-of-the-art desalination plant in Tamil Nadu.

The group, which is having business interests ranging from food products to pharmaceuticals and shipping, is creating a new company to represent the Department of Russian Federal Agency of Atomic Energy, to market its patented new generation desalination plant.

The first plant, for which they are in discussion with the Tamil Nadu Government, will have a 30,000 tonnes a day capacity production, Raj Mohan Pillai, Chairman, Beta Group, said here on Monday.

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http://www.hindu.com/2006/10/10/stor...1006451700.htm
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Old October 10th, 2006, 12:35 AM   #893
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Quote:
Originally Posted by WillyWick View Post
anybody have any info on on Covai Eeechanari IT SEZ? Like area or who is promoting it?
Span ventures private Ltd has applied for 10.441 hectares IT/ITES SEZ. according to sezindia website their application has been deferred. in-principle sanction has not been given yet, thatstamil.com news website has given wrong information.

Btw, RNB Infrastructures Pvt Ltd's 107 hectare Textile SEZ in Coimbatore has got in-principle sanction.

List of SEZs approved, rejected and deferred:

http://sezindia.nic.in/sez-application-status.pdf

Last edited by Anniyan; October 10th, 2006 at 01:09 AM.
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Old October 10th, 2006, 05:12 AM   #894
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Best Corporation to spend 350 cr on expansion

http://www.hindu.com/2006/10/10/stor...1002361800.htm

Quote:
TIRUPUR: As the expansion project of Rs. 156 crore is nearing completion, the Tirupur-based vertically integrated knitwear export house, Best Corporation, is all set to expand its production capacity at an outlay of Rs. 350 crore.

With the Technology Upgradation Fund Schemeset to expire by March next, the company proposes to add its spinning and garmenting capacity to take advantage of the scheme.

According to its Managing Director, R. Rajkumar, the company will add another 72,000 spindles and 1,000 stitching machines. The company now has 65,000 spindles and 1,600 stitching machines in two phases.

The first phase will begin in January and is expected to be over in March 2008. The next phase will become operational by December 2008.

The garmenting unit will have a state-of-the-art embroidery and chest printing machines. All the facilities will come up near Dharapuram as Tirupur is facing shortage of labour.

The company's Rs. 40 crore processing house, Best Colour Solutions at Perundhurai, will start operations by December.

With rising demand from existing and foreign customers, the company was on a continuous expansion mode, Mr. Rajkumar said.

Once the entire expansion programme was over, he hoped that the turnover would touch Rs. 550 crore in 2010.

As the company gained expertise dealing with leading brands and chain stores, it was planning to foray into the children wear sector.
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Old October 11th, 2006, 05:15 AM   #895
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Quote:
Originally Posted by Anniyan View Post
Span ventures private Ltd has applied for 10.441 hectares IT/ITES SEZ. according to sezindia website their application has been deferred. in-principle sanction has not been given yet, thatstamil.com news website has given wrong information.

Btw, RNB Infrastructures Pvt Ltd's 107 hectare Textile SEZ in Coimbatore has got in-principle sanction.

List of SEZs approved, rejected and deferred:

http://sezindia.nic.in/sez-application-status.pdf
Thanks anniyan
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Old October 16th, 2006, 02:50 AM   #896
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• It is the private sector, enabled by conducive policy, that has propelled Tamil Nadu to emerge as the clear leader in wind, solar and biomass power generation. The state accounts for 40% of India’s installed capacity in renewables


Quote:
It is the private sector, enabled by a conducive policy environment, that has propelled Tamil Nadu to become a clear leader in the generation of wind, solar and biomass-based power. As on 31 March 2006, the total installed capacity of power from renewable sources in the state was 3,201 mw. Wind power dominates at 2,898 mw, while 315 mw comes from co-generation in sugar mills and 37.5 mw from biomass.
Tamil Nadu covers 40% of the total installed generation capacity of renewable energy in the country and 22% of the total grid capacity of the Tamil Nadu Electricity Board (TNEB). The national average, on the other hand, is only 5.5%.

The first private sector wind farm was set up here in 1990. By end March this year, the installed capacity has touched 2,898 mw, 58% of the all India capacity. Of 67 sites assessed so far, 41 have been identified as suitable for wind power. Of these 22 have been developed entirely by private investors.

According to V Raghu, secretary general of the Wind Power Producers Association, Tamil Nadu was the first to establish a state-level renewable energy development agency, TEDA, along with the Centre. Permission from the state government for captive consumption of wind power and fiscal concessions from the Centre gave a big boost to the sector. And easily accessible high windy sites along the Western Ghats and an unfettered wind regime supported by two monsoon seasons gave a head start, Raghu told FE.

Some leading wind energy generator manufacturing companies like NEPC India, NEG Micon India, Vestas RRB, Pioneer, AMTL are based In Tamil Nadu. TNEB buys power from the windmills at Rs 2.70 per unit and allows both wheeling and banking for captive power use at the concessional rate of 5%. TNEB is now working to create infrastructure for the evacuation of the power generated by the wind farms. And the Tamil Nadu Electricity Regulatory Commission plans to address tariff issues. It had allowed third party sale of power in Tamil Nadu subject to certain conditions in August 2005.

Solar energy is the other success story here. It is being harnessed for lighting and other electrical applications and for heating water, drying agricultural produce, processing industrial products as well as cooking.

Tamil Nadu hosts 1,350 solar home lights , of which about 430 are for group housing built by the state rural development department, and over 5,500 solar street lights including 3,000 in village panchayats. About 3,500 domestic solar water-heating systems and 400 industrial systems were installed under various subsidy schemes of the central and state governments, up to March 31, 2006. Solar water heaters have also been installed in about 60 government buildings such as hospitals, with 100% funding from state government. The state has also mandated use of solar water heating systems in certain type of new buildings in the state since 2002.

Gas and electricity are being produced from biomass and other bio waste to meet the energy requirements of industries and for exporting to the grid as well. But, the present installed capacity under biomass power is only 37.5 mw (3 units).

A scheme for producing steam from bagasse in sugar mills and generating electricity for export of surplus power to TNEB has been successfully implemented. With a total installed capacity of 315 mw as on March 31, 2006 (and an exportable surplus of 183 mw), Tamil Nadu’s is clearly a story worth emulating.
http://www.financialexpress.com/fe_f...tent_id=143529
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Old October 17th, 2006, 08:23 PM   #897
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Chennai schools to go 'Smart Class'

CHENNAI: Educomp - a premier education company - together with IT majors Intel and Microsoft on Tuesday demonstrated to school principals in Chennai 'Smart Class' - an innovative technology solution that is set to revolutionise classrooms across the globe.
Through this joint initiative, Educomp, Microsoft and Intel plan to bring large number of schools in India into the digital learning age "where students are able to learn in a multi-sensory".
"The education sector in India is one of the largest in the world, with over a million schools and over 220 million learners - yet less than two percent classrooms are digitally-enabled," Educomp Solutions Limited MD Shantanu Prakash pointed out.
"This technology shift is urgently necessary if we have to build on our traditional competencies for the knowledge economy of the future," he said.
The Smart Class programme, an internationally acclaimed digital learning programme developed by Educomp, was showcased before 50 Chennai schools. "More and more teachers are realising the value of IT to explain complex concepts to students," he said.
Educomp is offering an interactive programme to schools in small towns across India, through a build, operate and transfer system, in which Educomp installs the entire technology infrastructure and provides digital content library to schools along with campus training of teachers and maintenance support.
Smart Class works on Windows-based operating software from Microsoft, computers running on the Intel(r) architecture and curriculum-based digital content and service support from Educomp.
Over 100,000 students are already learning in Smart Class rooms across schools in India, the United States and Singapore.

http://www.newindpress.com/NewsItems...ennai&Topic=0&
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Old October 18th, 2006, 10:06 PM   #898
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Tamil Nadu to continue setting up SEZs: Maran

Chennai, Oct. 18 (PTI): Union IT and Communications Minister, Dayanidhi Maran, today said Tamil Nadu would continue to pursue the setting up of Special Economic Zones despite opposition to such projects from some quarters.
Speaking to reporters after inaugurating MindTree Consulting's facility here today, he said the state is one of the perfect examples of how SEZs came up fast.
"The SEZ policy is trying to encourage large players. Setting up SEZs has been successful. Although other states have run into rough weather with regard to SEZs, we want to continue," he said.
Maran said the Flextronics SEZ would be inaugurated on November 4.On the expiry of benefits offered to STPIs in three years, he said the IT and Communications Ministry would move a note to the Cabinet to extend it beyond 2009.

http://www.hinduonnet.com/thehindu/h...0610182126.htm
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Old October 20th, 2006, 03:50 AM   #899
Subra
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Videocon plans SEZ in TN

http://www.financialexpress.com/fe_f...tent_id=143974
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KOLKATA, OCT 19: Videocon Industries Ltd will rope in cinema-related industry to its Pune special economic zone (SEZ). The government has recently approved the SEZ spreading over 300 acres.
Anirudh Dhoot, director of the company, said Videocon, which is promoting SEZs through Videocon Infrastructure Ltd, is looking into the feasibility of making film studios in the multi-product SEZ at Pune besides IT park and housing.

“But we need to check whether the government rules on SEZ permits setting up film studios and create housing,” Dhoot said.

While Videocon Infrastructure Ltd is planning to invest around Rs 1,000 crore for developing the SEZ, it expects to attract investment up to Rs 15,000 crore, and to create job opportunities for 50,000 people.

Videocon has recently got approval of four multi-product SEZs: two each in Maharashtra (Pune and Aurangabad) and West Bengal (Kharagpur and Kalayanbhil).

For developing the SEZs in Maharashtra, the company has already formed a joint venture with Maharasatra Industrial Development Corporation (MIDC) and has floated a special purpose vehicle to this effect.

The company is also looking to set up a SEZ in south India. “This could be either be in Andhra Pradesh or in Tamil Nadu. Videocon has opened dialogues with the both the state governments to this end,” Dhoot said.

In West Bengal, Videocon is looking for two more SEZs, one near Kolkata and the other at Siliguri.
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Old October 20th, 2006, 05:53 AM   #900
MaduraiSelvam
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"Automobile, IT industries doing well in Tamil Nadu"

Growth despite inadequate power supply, labour: survey

CHENNAI: Automobile and information technology industries in Tamil Nadu posted attractive growth in the first six months of 2006-07 but face many problems, including inadequate power supply and skilled labour.
This was revealed by the bi-annual (April-September) economic survey conducted by Confederation of Indian Industry, southern region. The two industries grew between 15 and 20 per cent in the first six months compared to their performance in the corresponding period of 2005-06 , said a press release.
The rise in sales and production of the automotive and auto components industry, between 15 and 20 per cent, was in line with its rapid growth in the last couple of years. It was poised for a significant jump in the next six months, with the production and sales expected to go up by 20 to 25 per cent over the corresponding period in the previous fiscal.
Production and sales would increase between 20 and 25 per cent during the second half of the fiscal. Growth was also expected in the current half of the fiscal in terms of exports, capacity utilisation and inventory.
Leaders of the auto industry, however, were concerned over the lack of availability of cheap and skilled manpower. Inadequate power supply and poor infrastructure facilities were some of the other problems, the release said.

Favourable destination
Giving details of the IT industry's growth, the release said Tamil Nadu continued to be one of the favourable destinations for the industry in the country.
In the first half of 2006-07 , it grew by 15 to 20 per cent, against the growth in the corresponding period of the previous fiscal.
The industry's revenue was expected to increase by 30 per cent in the current half of the fiscal. Both demand for its services and employment generated by the industry would go up.
The IT industry, too, faced problems in getting skilled manpower and suffered from infrastructure problems such as power cuts.
Other industries that grew in the six months include chemicals and fertilisers, textile and cement and expected to perform well.
Higher and increasing raw material cost, infrastructure bottlenecks, poor quality of roads, water scarcity and poor waste-disposal facilities are some of the issues for the textile industry.

http://www.hindu.com/2006/10/20/stor...2016351000.htm
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