Friday, July 26, 2013

TN actively considering plan to set up a financial city: TN Finance secy



Chennai:
The plan to set up a financial city near Chennai got a boost with the state finance secretary K Shanmugam stating that Tamil Nadu government is actively considering the proposal.
Speaking on the sidelines of Federation Sector Conclave organized by Federation of Indian Chambers of Commerce and Industry and Hindustan Chamber of Commerce, he told Express that the proposal is being actively considered.
This also comes in the wake of business chambers urging the state government to set up a financial city as it would turn the city into a hub of financial world besides accelerate the realization of Vision 2023.
R Subramanian, president of Hindustan Chamber of Commerce said that Chennai is the hub of activity and best for financial development. He said that government should come forward to create a financial city as it could then serve as a link for global financial markets between Singapore and Hong Kong. He also developed the need to create a township for the financial city that could serve as a offshore facility for the financial city.

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