TN to create 12000 acre landbank

In a bid to keep adequate parcels of land readily available with SIPCOT so that they could be allotted to investors quickly, the Tamil Nadu state government is taking efforts to create a land bank of about 12,000 acres. Replying to the debate on demand for grants for his department, Industries Minister Mr. P. Thangamani said the land bank would not draw from cultivable land. He said that, government is acquiring mostly dry and barren land. The proposals seeking the administrative sanction of the government for land acquisition are in various stages. Land is being identified in districts like Vellore, Krishnagiri, Dharmapuri, Kancheepuram, Tiruvallur, Tuticorin and Perambalur.

The government is keen on acquiring land for establishing eight more new industrial complexes such as Oragadam Industrial Growth Centre Expansion II, Cheyyar Industrial Complex, and industrial parks in Madurai, Tuticorin, Tindivanam, Manapparai, Nemili and Panapakkam.

At least, 11,000 acres will also be acquired in the coming years, as the state run SIPCOT is taking efforts to establish new industrial parks in nine southern districts to bring in investments of  Rs.25,000 crore.