The move to host the Global Investors Meet in Chennai in October 2014 to promote the investments into the State is appreciable. It would be ideal to involve the Chambers of Commerce in the State to take the maximum advantage from this meet. An enabling industrial environment is the need of the hour.
Proposal to strengthen Power transmission infrastructure with JICA funding and setting up the Green Energy Corridor proposed for the evacuation of wind power with financial assistance from KfW, are moves in the positive direction , but more structural and policy reforms are required in the power sector for a long term solution.
Setting up a SPV for Madurai Tuticorin industrial corridor is good, but the project implementation has to be speeded up.
Continued thrust on Skill development is welcome but more collaboration with Industries and Industry Chambers in this, is required.
The Chamber is of the view that the new initiatives proposed may have to be implemented with clear-cut timelines keeping Vision 2023 targets in mind.
13th February 2014