<p class="bodytext">Confederation of Indian Industry (CII) on Friday termed the budget presented by the Tamil Nadu government as 'historic', 'transformational' and 'growth oriented' with thrust on 'inclusive development'.</p>.<p class="bodytext">The trade body's southern region chairman and industrialist C K Ranganathan said the investments announced in the budget would propel the State Gross Domestic Product (GDP) comfortably to a double-digit growth with greater focus given to industrial infrastructure.</p>.<p class="bodytext">The announcement on mega-industrial clusters in pharmaceuticals, petro-chemicals, defence and aerospace would bring in more investments and create job opportunities, Ranganathan, also the chairman of fast-moving consumer good major CavinKare Ltd, said in a press release.</p>.<p class="bodytext">He congratulated Chief Minister M K Stalin and finance minister Palanivel Thiaga Rajan for allocating more funds towards education, women development, healthcare and skill development.</p>.<p class="bodytext">CII Tamil Nadu chairman S Chandrakumar said, the reduction of Rs 3 per litre in retail sale of petrol would be a relief to people and also control the prices of various products.</p>.<p class="bodytext">The government has made several announcements for Micro, Small and Medium Enterprises including the state-level credit guarantee scheme, funding for MSMEs to list in stock exchanges.</p>.<p class="bodytext">The announcements like 'Fin Tech Policy' and 'FinTech City' would facilitate the establishment of financial technology companies in the state which is the need of the hour, Chandrakumar said.</p>.<p class="bodytext">The announcement on the creation of one thousand check dams across Tamil Nadu would revitalize the groundwater and fulfill the irrigation requirement of the agriculture sector, he added.</p>
<p class="bodytext">Confederation of Indian Industry (CII) on Friday termed the budget presented by the Tamil Nadu government as 'historic', 'transformational' and 'growth oriented' with thrust on 'inclusive development'.</p>.<p class="bodytext">The trade body's southern region chairman and industrialist C K Ranganathan said the investments announced in the budget would propel the State Gross Domestic Product (GDP) comfortably to a double-digit growth with greater focus given to industrial infrastructure.</p>.<p class="bodytext">The announcement on mega-industrial clusters in pharmaceuticals, petro-chemicals, defence and aerospace would bring in more investments and create job opportunities, Ranganathan, also the chairman of fast-moving consumer good major CavinKare Ltd, said in a press release.</p>.<p class="bodytext">He congratulated Chief Minister M K Stalin and finance minister Palanivel Thiaga Rajan for allocating more funds towards education, women development, healthcare and skill development.</p>.<p class="bodytext">CII Tamil Nadu chairman S Chandrakumar said, the reduction of Rs 3 per litre in retail sale of petrol would be a relief to people and also control the prices of various products.</p>.<p class="bodytext">The government has made several announcements for Micro, Small and Medium Enterprises including the state-level credit guarantee scheme, funding for MSMEs to list in stock exchanges.</p>.<p class="bodytext">The announcements like 'Fin Tech Policy' and 'FinTech City' would facilitate the establishment of financial technology companies in the state which is the need of the hour, Chandrakumar said.</p>.<p class="bodytext">The announcement on the creation of one thousand check dams across Tamil Nadu would revitalize the groundwater and fulfill the irrigation requirement of the agriculture sector, he added.</p>