Coimbatore : "The New Entrepreneur-cum-Enterprise Development Scheme (NEEDS) has created a favourable environment for budding entrepreneurs to start business enterprises in the State. In the budget, a sum of Rs.87.92 crore has been allocated for this scheme which is highly appreciable", opined R. Ramamurthy, President of CODISSIA.
Coimbatore : "The New Entrepreneur-cum-Enterprise Development Scheme (NEEDS) has created a favourable environment for budding entrepreneurs to start business enterprises in the State. In the budget, a sum of Rs.87.92 crore has been allocated for this scheme which is highly appreciable", opined R. Ramamurthy, President of CODISSIA.
A communique from his desk has overall welcomed the state budget 2019. He has noted that the introduction of 2000 BS-VI buses in the State and 500 electric buses in Chennai, Coimbatore and Madurai during the first phase and Rs.1000 crore allotment for Athikadavu-Avinashi project will largely be beneficial.
He has recalled that the Defence Industrial Corridor Project, with nodes at Chennai, Hosur, Salem, Coimbatore and Trichy and investments worth Rs.3,123 crore from Ordinance Factory Boards, Defence Public Sector undertakings and private sector units in these nodes, were launched recently by the Union Defence Minister. This Government has provided further fillip to this project by unveiling the Tamil Nadu Aerospace and Defence Industrial Policy. Under this policy, attractive incentive packages will be provided to aerospace and defence manufacturers for setting up manufacturing facilities in our State.
A sum of Rs.2,500 crore has been provided as incentives and an amount of Rs.2,747.96 crore has been provided in the Budget Estimates for Industries Department. New advanced and high-end trades such as medical electronics, architectural assistant, auto-body repairing and painting, operator advanced machine tools, technician power electronics, fire technology and industrial safety management are being introduced in 20 Government ITIs at a cost of Rs.38 crore, Mr. Ramamurthy has mentioned.
Wecoming the advanced hi-end skill building centres to impart higher level technical skills to unemployed engineering graduates to be established in the coming year under PPP mode in five selected district headquarters, he opined this will benefit 10,000 unemployed engineering graduates every year to get employed in specialised jobs in emerging areas of technology.
Rs.476.26 crore has been allocated to Micro, Small and Medium Enterprises Department, he noted. And, that Rs.420 crore has been allocated for building 20,000 green house.