Chennai: The Tamil Nadu Cabinet today decided to accept and implement the new industrial policy which was reviewed by a cabinet sub-committee.
An official release here tonight said the meeting of the cabinet, chaired by Chief Minister M Karunanidhi, decided to accept the policy and implement it.
The cabinet sub-committee was constituted by the Chief Minister in June last to undertake a detailed review of the draft policy.
The cabinet meeting also decided to allocate land through the state-owned Elcot in Tier-II cities of Madurai, Salem, Tiruchirappalli and Tirunelveli to leading IT firms, including HCL Technologies, Honeywell International India Service, Satyam Computers, Southerland Global Services, for providing IT and ITEs services.
It was also decided to allocate land on a 90-year lease based on tender for Sify Limited, Southerland Global Services, Cognizant Technology Solutions and Scope International in the Elcot IT Park in suburban Sholinganallur.