Chennai: The Consortium of Indian Associations has welcomed the new industrial policy of Tamilnadu.
In a statement, CIA convenor K E Raghunathan said the policy has focused on the various needs of new enterprises coming into TN and attracting them to come here.
“While certainly we appreciate the various announcements in terms of creation of infrastructure, financial subsidies, social security support, employment opportunity creation, recognition of talents etc., some of the proposed schemes are extension of what is being already offered by Centre,” he said.
He added that expectations for supporting ailing MSME who are affected by Covid situation, such as additional moratorium for repayment of loan EMIs, stipend for engaging freshers for six months, additional loans for those who are not covered under ECGLS scheme, abolishment from EB fixed charges / property tax / registration charges for next one year among other things are missing in this document, he added.
According to Raghunathan, the announcements are sweet to hear and certainly required steps to make Tamilnadu – Industrially No 1, but taking care of existing MSME in TN with innovation schemes and support would have been more appreciated.