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Karaikal port to be ready in three months

— Photo: T. Singaravelou

On ascendant path: Chief Minister V. Vaithilingam releasing the Vision 2025 document prepared by CII in Puducherry on Saturday.

PUDUCHERRY: The work to develop the port at Karaikal will be completed in the next three months, Chief Minister V. Vaithilingam said here on Saturday.

Releasing the Vision 2025 document prepared by the Confederation of Indian Industry, he said the development of the port at Karaikal will herald a new face in the development of the region.

Majority of development projects taken up by the territorial administration will be centred at Karaikal region because of huge availability of land. Besides, the response and attitude of the people in the region towards development projects was “very encouraging,” he said.

The government planned to establish a power plant with capacity to generate around 500 mega watts at Karaikal, he said.

Complementing the CII for bringing out the document, he said the organisation should help government in identifying projects that can be taken up under public private partnership model.

The CII’s vision document stressed the need to develop Puducherry as a knowledge services hub by establishing large and mini Special Economic Zones and Parks. The government should formulate a capacity building plan for the existing educational intuitions in Puducherry and also host institutions of global repute to make the territory an educational hub.

The document also envisaged the need to provide housing facility to all through a new initiative called “Pondicherry Mass Housing Project.” It also lays down the roadmap for developing the tourism and industrial sectors.

The data collected by CII while preparing the document revealed that the Gross State Domestic Product of the Union Territory stands at Rs.8130 crore. The GSDP grew at the rate of 5.2 per cent per annum between 2000 and 2007 but lagged the national growth rate of 7 per cent.

While the secondary sector contributed 48 per cent and tertiary sector 47 per cent, the primary sector’s contribution was 4 per cent to GSDP, the document showed.

Others who spoke on the occasion included Home Minister E. Valsaraj, Members of Parliament M. Ramadass, Members of the Legislative Assembly R. Viswanathan and R.K.R. Anantharaman and Chairman CII Puducherry Sriram Subramanya.

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