Mr Pankaj Kumar Bansal, CMD, TIDCO speaks about the growth that Tamil Nadu is going through at the Turbocharged Tamil Nadu seminar organised by Industrial Economist.
I came to Tamil Nadu in 1997 and I felt I was in a totally different world. There was electricity and piped water in all villages. It was stark different from my village in UP. Now 25 years later, Tamil Nadu has an unimaginable growth. Things are happening at a fast pace and from the highest level.
To be in line with the changing times, TIDCO has been proactive and taken several measures. Already TIDCO has more than 100 JVs and yet it remains silent and allows the private partner to be recognized. Like in TITAN, TRIL, Ascendas…
TIDEL park was the starting point of the IT revolution in the state. To carry forward this growth to the Tier 2 and 3 cities, new TIDEL parks have been planned in Salem, Tuticorin, Villupuram and Tanjore.
To facilitate industry 4.0, TIDCO is setting up Centre of Excellence along with Siemens, Dassault Systèmes and GE at a cost of Rs 200 crore. Similarly, to facilitate start-ups, TIDCO has got a recent approval to set up a venture capital fund of around Rs 500 crore.
To reduce the cost for sunrise industries and as well to attract them, TIDCO has planned projects in the area of aviation, defence and logistics.
For a trillion-dollar economy, industry, bureaucrats and government need to become champion of change to move this forward.
Watch the entire video of Pankaj Kumar Bansal speak at the session here.
