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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