TNPL will set up a 200,000-tonne per annum (tpa) plant at Mondipatti

Tamil Nadu Chief Minister J. Jayalalithaa Tuesday announced a series of package for micro, small and medium enterprises (MSMEs), including creation 2,000-acre land bank, a scheme to confer land ownership on industries after 30 years of lease, and a single window clearance committee headed by the Chief Secretary to facilitate no-objection certificates to entrepreneurs, reports media.

"Making a suo motu statement in the Assembly, she said that the grant to MSME earlier was 15 percent of the cost of machinery and other instruments. The amount had been increased to 25 percent and upper limit would be Rs. 30 lakh," reports said.

To give a fillip to MSMEs and encourage entrepreneurs, MSMEs would get 20 percent of the area of the industrial estates created for mega industries by the State Industries Promotion Corporation of Tamil Nadu Ltd (SIPCOT), it added.

Moreover, Jayalalithaa also said paper major Tamil Nadu Newsprint & Papers Ltd (TNPL) will set up a multilayer double-coated board project at an outlay of Rs.1,200 crore in Tiruchirapalli district.

Jayalalithaa announced in the assembly that "TNPL will set up a 200,000-tonne per annum (tpa) plant to make multilayer double-coated board at an outlay of Rs.1,200 crore".

She said work on the project would commence this fiscal and the plant will be ready in 2016.

Jayalalithaa said the proposed project will be set up on 989 acres in Mondipatti village and its surroundings falling under Srirangam constituency in the Tiruchirapalli (Trichy) district, around 350 km from Chennai.

Jayalalithaa was herself elected from the Srirangam constituency in the May 2011 elections.

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