'Tamil Nadu frontrunner in industrialisation'

Deputy Chief Minister MK Stalin on Wednesday said that an MoU was signed last week for establishing a food production SEZ at Thoothukudi as a joint venture between TIDCO and CCCL. Conveying that this SEZ had the potential to attract investments to the tune of Rs 2,500 crore and provide employment to about 10,000, Stalin said that he would lay the foundation stone for the facility on August 5.

Addressing the gathering after inaugurating the Lotte Group's production facility at Nemam, he said, "Tamil Nadu has a glorious past, dynamic present and a promising future for industries.''
Claiming that Chennai was already well established in IT, automobile, textile, electronic and leather industries, he said that "Tamil Nadu, Chennai in particular, is emerging a key centre for the food processing industry.''
Taking pride over the BIZCON report released by the ASSOCHAM recently, he said that the state's initiative in attracting investments had been highlighted in the report, which had found the State to be one of the top three destinations in India, preferred by investors. The ranking was done on the basis of investment promotion, government strategies and administrative efficiency.
He went on to add that the highly reputed Wall Street Journal, in its article dated July 8, had dubbed Chennai as the 'new Detroit' and had lauded the performance of the Tamil Nadu Government.
Stalin, who invited investors, particularly from Korea to the State, assured that the government would provide all possible assistance to them.