Tamil Nadu: Government lays foundation stone for Special Investment Region
The Tamil Nadu government today laid the foundation stone for developing a Special Investment Region (SIR) in Krishnagiri district, as part of its efforts to boost economic growth in northern parts of the state. CM Palaniswami laid the foundation stone through video conferencing from Chennai and the SIR would be developed jointly by GMR Infrastructures Ltd and Tamil Nadu Industrial Development Corporation Ltd (TIDCO).
The estimated cost of SIR is about Rs. 2,420 crore
The SIR was part of the government's steps to boost the economic growth of the northern districts and it will have "world-class" roads, drainage systems, water and sewage treatment plants, power and Internet supply to attract investments, an official release said. The GMR Krishnagiri SIR will come up on 2,100 acres in Denkanikottai and Shoolagiri taluks in that district, it said.
SIR will generate jobs for 60,000 persons
SIR's completion in 7-8 years will pave the way for attracting investments to the tune of Rs. 5,000cr and generate jobs for 60,000 persons. Senior officials of the state government including CS Girija Vaidyanathan, besides GMR Group Chairman, GM Rao were present during the event.
