{"id":7009,"date":"2024-06-14T02:54:26","date_gmt":"2024-06-14T02:54:26","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=7009"},"modified":"2024-06-14T02:54:26","modified_gmt":"2024-06-14T02:54:26","slug":"tamil-nadu-cuts-sidco-land-rates-to-achieve-1-trillion-economy-goal","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/tamil-nadu-cuts-sidco-land-rates-to-achieve-1-trillion-economy-goal\/","title":{"rendered":"Tamil Nadu cuts Sidco land rates to achieve $1 trillion economy goal"},"content":{"rendered":"

The on Tuesday slashed the prices of plots at variousSidco(Small Industries Development Corporation) estates acrossTamil Naduto make them affordable for MSMEs to establish industrial units. The move is aimed at improving industrial investments in the state to achieve chief ministerM K Stalin’s target of making Tamil<\/a> Nadu a $1 trillion economy<\/a> by 2030.
The price reduction, which ranged between 5% and 50%, went up to 75% in some places. In Chennai and its three neighbouring districts, the plot prices were retained at 2016-17 land rate level.<\/p>\n

In three recent industrial conclaves held in Chennai and Coimbatore, the state government had signed MoUs with various companies for investments valued at more than 1 lakh crore.<\/p>\n

Unlike Sipcot that caters to large industries and whose board determines the cost of industrial plots, Sidco has to sell industrial plots as per the norm set by the Tamil Nadu government. Earlier, the price of Sidco plots were hiked by an Average<\/a> of 10% to 15% every year based on guideline value, notional increase over previous year, notional increase based on Simple Interest<\/a> for three different categories of industrial estates, and location of the estates.<\/p>\n","protected":false},"excerpt":{"rendered":"

The on Tuesday slashed the prices of plots at variousSidco(Small Industries Development Corporation) estates acrossTamil Naduto make them affordable for MSMEs to establish industrial units. The move is aimed at improving industrial investments in the state to achieve chief ministerM K Stalin’s target of making Tamil Nadu a $1 trillion economy by 2030. The price … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1100],"tags":[708],"class_list":["post-7009","post","type-post","status-publish","format-standard","hentry","category-tamilnadu","tag-07-12-21"],"yoast_head":"\nTamil Nadu cuts Sidco land rates to achieve $1 trillion economy goal - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/tamil-nadu-cuts-sidco-land-rates-to-achieve-1-trillion-economy-goal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tamil Nadu cuts Sidco land rates to achieve $1 trillion economy goal\" \/>\n<meta property=\"og:description\" content=\"The on Tuesday slashed the prices of plots at variousSidco(Small Industries Development Corporation) estates acrossTamil Naduto make them affordable for MSMEs to establish industrial units. The move is aimed at improving industrial investments in the state to achieve chief ministerM K Stalin’s target of making Tamil Nadu a $1 trillion economy by 2030. The price ... 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The move is aimed at improving industrial investments in the state to achieve chief ministerM K Stalin’s target of making Tamil Nadu a $1 trillion economy by 2030. The price ... 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