CHENNAI: The State government has issued necessary GOs for implementing the various projects and schemes enshrined in the Tamil Nadu Industrial Policy, 2014, and Tamil Nadu Automobile and Auto Components Policy 2014, released by Chief Minister J Jayalalithaa on February 21.
Implementing Chennai- Bangalore Industrial Corridor in collaboration with the Centre, setting up an Industrial Corridor along Madurai -Tirunelveli - Tuticorin, promotion of Truck terminals in all major industrial parks of SIPCOT, establishing a manufacturing hub for Heavy Engineering products and components in Tiruvallur district, creating a Land Bank of at least 53,000 acres for the promotion of Industrial parks, setting up a Biotechnology Enterprise Zone and an aeropark besides a logistics hub close to Chennai Airport are some of the key projects listed in the Industrial Policy.
Similarly, the Automobile and Auto Components policy has many key projects including setting up an Automotive Industrial Development Centre, offering investment facilitation services to companies desiring to invest in the automotive industry in Tamil Nadu, establishing an Automotive Suppliers Park to improve the logistics competitiveness for the units set up and to establish an Auto City, a state-of-the-art industrial park.