C Shivakumar
Chennai:
As Tamil Nadu government is targeting southern parts of the state for industrial development, the coastal city of Thoothkudi on Saturday launched a two-day roadshow to woo the investors in Chennai.
Talking to Express, former president of The All India Chamber of Commerce and Industries T Vel Shankar said that the concept of the roadshow is to make Thoothkudi the investment hub.
“We want to showcase Thoothkudi as the investment destination. He said with the growth in bigger cities like Chennai and Bangalore saturating, now the focus is on Tier-II cities like Thoothkudi which has a deep sea harbour and has been a power hub of the state. “Sixty per cent of state’s power is being generated from Tuticorin,” he said.
Interestingly, even the state government is aggressively planning for the Madurai-Thoothkudi-Tirunelveli industrial corridor which is expected to attract 1.90 lakh crore investment. Even the state finance secretary K Shanmugham at a financial conclave here has said that the Industries department is studying the detailed project report on Madurai-Tuticorin- Tirunelveli corridor submitted by the Mahindra Group.
Interestingly, the city is connected by airport, land as well as sea besides it also has Tamraiparani river fulfilling the drinking water needs of the residents.
President of All India Chamber of Commerce and Industries PSSK Raja Sankaralingam said that Tuticorin has a huge potential to emerge as industrial hub. “The area has vacant lands and is more suited for industries,” he said. Shankar said that the chambers in business chambers in Tuticorin along with the state government is planning to make Tuticorin a mini Singapore. “The city has all available infrastructure to be developed as the investment hub of Tamil Nadu,” he said.
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