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TN govt to introduce land acquisition policy

TN govt to introduce land acquisition policy

Tamil Nadu government plans to introduce a land acquisition policy considering that non-availability of land for industrial units is a major hurdle in attracting new investments in the manufacturing sector, Governor K Rosaiah said.

He said this at the customary GovernorÂ’s address in the Assembly marking the start of the session for 2013.

Besides, the state government is taking a series of steps to attract private investment. For example, the state government has enacted and notified rules under the Tamil Nadu Tender Transparency (Public Private Partnership) Rules 2012 and the Tamil Nadu Infrastructure Development Act. These are initial steps in institutionalising speedy project clearances.

In order to expedite industrial and infrastructure projects, the state government will set up a system for comprehensive project formulation, execution and management system. The system would cover initial estimates to final payment and provide an e-procurement portal.

The state government would soon launch the second volume of the Vision 2023, which will outline plans for infrastructure development in the state and will list the infrastructure projects to be implemented.

The state government is said to be preparing a Detailed Project Report for the proposed 162-km Chennai Peripheral Ring Road linking Mamallapuram, about 50 km south of Chennai, with Ennore to the North.

The government has also initiated steps to development a deep-water port at Nagapattinam in PPP mode.

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