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COIMBATORE: The Coimbatore Tirupur Districts Micro and Cottage Entrepreneurs’ Association (COTMA) and the Indian Chamber of Commerce and Industry (ICCIC) have welcomed Tamil Nadu’s new industrial policy 2021 and called it ‘growth oriented’.
They have cheered the government’s decision to triple the subsidy cap on capital investment from Rs 50 lakh to Rs 1.5 crore. They stated that multiple incentives to sunrise sectors, including defence and food processing and technology, have the potential to change the industrial climate in Coimbatore.
They also hoped that the Rs 1,000 crore infusion into Tamil Nadu Industrial Investment Corporation (TIIC) would lead to more loans being disbursed.