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MSME sector seeks strong support system under Defence Industrial Corridor project

₹52,257-cr. investment proposals cleared


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Cabinet approves Tamil Nadu Industrial Policy 2021
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Cabinet approves Tamil Nadu Industrial Policy 2021
The Tamil Nadu Cabinet on Friday accorded approval for 34 major proposals for investments to the tune of ₹52,257 crore in the State. The Cabinet meeting, chaired by Chief Minister Edappadi K. Palaniswami at the Secretariat, also cleared the Tamil Nadu Industrial Policy 2021, which will be unveiled soon.
The investments are likely to create over 93,000 jobs in the electronics, automobile and auto components sectors, including electric vehicles and solar cell manufacturing, according to an official release. “The incentive packages have been customised to suit the requirements of each investor,” it said. The government had entered into facilitation memoranda of understanding (MoUs) with some investors to enable them to undertake preliminary works. “Now, with the Cabinet approval, detailed legally binding MoUs will be execut ....

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Tata Electronics, Pegatron among Rs 52,258 cr proposals cleared by TN govt


Tata Electronics and Apple Inc s contract manufacturer Pegatron Corporation have obtained the Tamil Nadu Government s approval for their proposed investments in the state. The two proposal are among the 34 investment plans worth Rs 52,258 crore that were cleared by the Tamil Nadu Cabinet today.
The state cabinet also cleared the Government’s new industrial policy for 2021 when it met this evening under the Chief Minister s chairmanship
The proposed investments have the potential to create 93,935 jobs. They are mostly in sectors like electronics, auto mobile and auto components, including electric vehicles, and solar cell manufacturing.
Some of the major investments approved today include Tata Electronics proposal to invest Rs 5,763 crore and create 18,250 jobs in Krishnagiri district for making mobile phone components. ....

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Release Pending Dues Of Rs 19 591 63 Crore TN To Finance Ministry


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Release Pending Dues Of Rs 19,591.63 Crore: TN To Finance Ministry
MSMEs are also facing cash flow issues in the GST regime as they have to remit taxes monthly on accrual basis although the actual recovery of the dues from customers take longer (duration) ,
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Tamil Nadu on Monday requested the Finance Ministry to release pending dues of Rs 19,591.63 crore, including the Goods and Services Tax compensation claims and arrears related to the 13th and 14th Finance Commission grants.
Deputy Chief Minister O Paneerselvam said the grants of Rs 2,577.98 crore as recommended by the 14th Finance Commission for rural and urban local bodies in the State and the performance grants recommended by the Commission had also not been released so far. ....

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