The slew of incentives announced by the Chief Minister J. Jayalalithaa to benefit the micro, small and medium enterprises (MSMEs) would give a boost to their growth in Tamil Nadu, according to the Indian Chamber of Commerce and Industry (ICCI), Coimbatore.

The move to form mega industrial parks in the southern region for various industries would also give a fillip to industrial development in the region, the chamber has said.

In a statement, R.R. Balasundharam, President, ICCI, Coimbatore, said the package of measures announced by the Chief Minister would help MSMEs ‘to overcome their crisis’ and also enable the sector to register rapid growth.

Referring to the proposals made by the Chief Minister including creation of huge land bank for new industrial estates, enhancement of grant for plant and machinery, allotment of land on long-term lease, he was confident that these would improve the competitiveness of the sector and promote employment generation.

Balasundharam, referring to the plan to promote mega industrial parks in the southern districts, said this would give a fillip to industrial development in the region.

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