Rs one lakh crore projects remain stalled in various states: Union Minister

Last Updated: Monday, September 16, 2013 - 23:20

Madurai: About Rs one lakh crore worth of projects remain stalled due to some problem or the other in various states and the Centre has formed a cell to expedite and give clearance to them, Union Minister of State for Commerce and Industry EM Sudarsana Natchiappan on Monday said.

In various states, including Tamil Nadu, various projects had been stalled due to some problem or the other. The Centre had formed a cell to expedite and give clearance to all those projects, he said.

He suggested Tamil Nadu government also could form a cell under the chairmanship of the Chief Secretary to clear the stalled projects.

"Tamil Nadu government also can form a cell to help the Centre clear the projects.If the Chief Minister does not have time, she can ask the Chief Secretary to do the same. About Rs.One lakh crore worth of projects remain stalled," he told reporters after inaugurating a Cereals, Pulses and Staples Cluster here.

The projects, if the state gives consent, would bring investments from both inside the country and abroad.

He said the Centre had asked Japan International Cooperation Agency members to meet the Chief Minister for holding talks with regard to the Chennai-Bangalore industrial corridor.

Small corridor, using local infrastructure, for producing both agricultural and industrial products has been mooted in Tirunelveli, Ramanathapuram, Coimbatore, Tiruppatur and Sivaganga. European countries and Japan, Singapore, Taiwan and South Korea were intersted in making India a manufacturing hub, he said.

Once Tamil Nadu government gives clearance, international teams would visit India and study the infrastructure and decide on the type of industries that could be started, he added.

A team of more than 1500 experts would visit various states, assess them and file a report. Then international tenders would be called to set up the corridors, the minister said.

He said the Madurai cluster, for which the Centre had given Rs.30 crore, would help export agri-produce in a big way. A spices park was coming up in Sivaganga.

PTI



First Published: Monday, September 16, 2013 - 23:20

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