Wednesday, 30 January, 2008

TN plans Taiwan Eco Zone near Chennai

         The Tamil Nadu government is looking at creating a separate Taiwan Economic Zone near Chennai.  The zone, spread over 500 acres, is planned to attract investments from Taiwanese small and medium enterprises, according to Tamil Nadu industries secretary Shaktikanta Das. Das said the state government was exploring possibilities of earmarking 500 acres for the proposed zone out of two locations in Tamil Nadu — Tidco’s SEZ in Ennore and SIPCOT’s industrial complex in Cheyyar.

         According to a Business Standard report, the decision to carve out a separate Taiwanese zone comes on the heels of increased interest among Taiwanese companies to invest in India, particularly Tamil Nadu. Taiwanese entrepreneurs recognise India as a powerful economic opportunity and are keen to explore investment opportunities here.