The Indian Chamber of Commerce and Industry, Coimbatore (ICCIC) said on Friday that it welcomes the decision made by the Tamil Nadu Government to reduce the rates of various SIDCO plots across the State.
In a press release issued on Friday, the Chamber’s President C.Balasubramanian said “We thank the Chief Minister for this announcement which is aimed at improving Industrial Investment in the State. This will certainly achieve the Chief Minister‘s target of making Tamil Nadu a US $1 trillion economy by 2030.”
“By reducing the land rates the Government has made it affordable for entrepreneurs and Business persons to buy plots in various SIDCO Industrial estates. The price reduction in the rates of plots in the SIDCO Industrial estates which is announced for the first time in 50 years will certainly support and help the medium enterprises to buy remaining vacant lands at present,” the release added.