Thursday, Nov 25, 2004
Thursday, Nov 25, 2004 |
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Pondicherry
By our Staff Reporter
PONDICHERRY, NOV. 24. The Planning Commission has increased the plan outlay for the current year (2004-2005) for Pondicherry from Rs. 461 crores to Rs. 651 crores, the Chief Minister, N. Rangasamy, said here today. Addressing newspersons, Mr. Rangasamy, who is also in charge of `Finance', said Pondicherry had utilised 99.9 per cent of the total plan outlay earmarked in the previous year's (2003-2004) annual plan. Mr. Rangasamy said he had persuaded the Deputy Chairman of the Planning Commission, Montek Singh Ahluwalia, at the Commission's recent meeting with southern State Chief Ministers in Bangalore, to ensure that the outlay for Pondicherry was raised. He said the Government was mobilising the maximum resources and that revenue generation was increasing every year, although Central assistance was declining. He said he had brought this to the notice of the Planning Commission.
Special economic zone
Mr. Rangasamy said a special committee headed by the Additional Secretary, Union Industries and Commerce Ministry had sanctioned a special economic zone (SEZ) for Pondicherry. He said the zone would generate jobs and help mobilise a revenue of Rs. 1,000 crores a year through export of industrial products. The zone will come up on a 350-hectare site at Karasur near Sedarapet in Villianur panchayat. The zone will open with companies making Information Technology-related hardware and automobile spare parts. The Centre had agreed to provide Rs. 3 crores for the project. Mr. Rangasamy said the Local Administration department would introduce a new tax structure for houses and property which would be `people-friendly'. The new system would come into force from December 1. Details of the new levy would be published soon.
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