Puducherry's new industrial policy to attract investors: CM V Narayanasamy

He was speaking at the inauguration of the Export Facilitation Centre of the govt-owned Industries Development Corporation

Chief Minister V Narayanasamy on Sunday said the new industrial policy of the Puducherry government is poised to attract larger number of domestic as well as foreign investors to the Union Territory.

Speaking to reporters after inaugurating the Rs 2.4 crore Export Facilitation Centre of the Puducherry government-owned Industries Development Corporation here, he said, the new industrial policy released during the recent budget session was evolved in keeping with the practical requirements and expectations of the industrial entrepreneurs.

He asserted that the policy was poised to attract investors, from within and outside the country, to set up enterprises here.

"We intend to encourage industrial units and we have come out with various sops in the industrial policy," Narayanasamy said and charged the previous AINRC-led government with having "failed to take care of export-oriented industrial units" in Puducherry.

Industries and Revenue Minister M O H F Shajahan, the chairman of PIPDIC R Siva MLA, the Managing Director of the Corporation T Karikalan were among those present.