Tamil Nadu Govt Planning New Schemes to Attract Investments in IT Sector: Minister Thangaraj

Tamil Nadu Govt Planning New Schemes to Attract Investments in IT Sector: Minister Thangaraj Tamil Nadu IT Minister T Mano Thangaraj inspecting the newly constructed IT park in Vilankurichi area of ​​Coimbatore district. (Source: @ManoMLA / Twitter)

Coimbatore: The Tamil Nadu government is planning to formulate new schemes in order to attract more investments in the Information Technology (IT) sector, the State Information Technology Minister T Mano Thangaraj said on Wednesday.

The foreign investment meant for Tamil Nadu had gone to neighbouring states like Karnataka in the last 10 years, due to which there was a slump in development in the sector in the state, Thangaraj told reporters here.

The vision of the Chief Minister was to set up IT parks all over Tamil Nadu and increase job opportunities and provide employment to educated youths, he said.

Thangaraj, here to review the progress of construction of Rs 114 crore second Tidel Park in the Special Economic Zone, said that once completed this project will provide a lot of job opportunities to graduates and increase the revenue of the state.

The minister held discussions with the captains of IT industry, in the presence of IT Principal Secretary Niraj Mittal, Elcot Managing Director, Ajay Yadav and the district collector Dr Sameeran among others.

On Tuesday, the Tamil Nadu government is committed to enhancing the state’s gross domestic product to USD 1 lakh crore by 2030 and appealed to industrialists to extend their support to this cause, Chief Minister M K Stalin said.

Tamil Nadu on Tuesday received investment commitments to the tune of Rs 28,508 crore from 49 companies across various segments that will create 83,482 jobs in the state.

An event organised by the industries department and ‘Guidance Tamil Nadu,’ also saw Chief Minister M K Stalin laying the foundation stone for nine projects, entailing investments of Rs 4,250 crore that will generate 21,630 jobs.

An official release said 35 Memorandums of Understanding were signed in the presence of the chief minister, with a cumulative investment of Rs 17,141 crore, which would create 55,054 jobs.

(With inputs from ANI and PTI)

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