As the Tamil Nadu government targeting the southern parts of the state for industrial development, Thoothukudi on July 27 launched a two-day roadshow to woo investors in Chennai. Former president of The All India Chamber of Commerce and Industries T Vel Shankar said the idea was to make Thoothkudi the investment hub.
He said that with growth in bigger cities like Chennai and Bangalore saturating, now the focus is on Tier-II cities like Thoothkudi, which has a deep sea harbour and is a power hub of the State. Sixty per cent of StateÂ’s power is being generated from Tuticorin, he said. Also, the State government is aggressively planning to implement the Madurai-Thoothukudi-Tirunelveli industrial corridor, which is expected to attract 1.90 lakh crore investment.
At a recent conclave, Finance Secretary K Shanmugham had said that the industries department was studying the detailed project report on Madurai-Tuticorin-Tirunelveli corridor submitted by the Mahindra Group. President of All India Chamber of Commerce and Industries PSS K Raja Sankaralingam said Tuticorin had a huge potential to emerge as industrial hub. The area has vacant lands and is more suited for industries, he said.
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