ABSTRACT

Tamil Nadu Industrial Investment Corporation (TIIC) - Part II Scheme for the year 2005-06 - Financial support to TIIC for conducting seminar / training / Buyer - seller meets in the field of Bio-technology - Orders - Issued.

Industries (MIF2) Department

G.O.(Ms).NO. 30                                                    

DATED: 27.5.2005.

READ:-

From Tamil Nadu Industrial Investment Corporation Letter No. nil dated 5.1.2005.

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ORDER:

The Government of Tamil Nadu has recently announced that it would give special focus to the field of bio-technology. However, the awareness level of the Industry is very low as to the areas which could be taken up for investment. There are many medium and large scale industries based in Tamil Nadu which are looking for diversification and alternative investment. Hence, this would be the right moment to educate them about the opportunities available. The State Government of Karnataka that holds the annual convention on biotechnology thereby attracts a lot of investors. A similar attempt could be made in this State also. To this end, TIIC could conduct during 2005-06 conventions, seminars, training programmes and possible buyer-seller meets to disseminate information to the industry about the bio-technology sector. These efforts would be taken by TIIC in association with the industrial bodies such as CII, Bio-technology Associations etc. The resource persons would be experts in the field drawn from successful corporates including eminent scientists. As a follow up to the seminars, intensive training programe for the concerned units in this sector could be conducted to upgrade their knowledge / quality standards etc. The funds requirement to conduct high profile seminars/training programmes is estimated at Rs.1 crore and hence TIIC has sent a proposal to State Planning Commission, Chennai for provision of Rs.50 lakhs each in the Annual Plan for 2004-05 and 2005-06.

2. The State Planning Commission has observed that normally, Public Sector Undertakings are not provided with Government funds for this kind of activity. However, TIIC desires to hold the Annual convention on Bio-technology on the pattern of Karnataka by providing finance for small and medium entrepreneurs of Bio-technology initiatives. Hence State Planning Commission has approved for consideration of an amount of Rs.20 lakhs as one time assistance and this amount should be utilized by TIIC in association with organization like, TIDCO, CII etc. in promoting/attracting investors in the field of bio-technology industries.

3. The Government have examined the above proposal in detail and decided to provide budgetary support to the proposed seminar / training / Buyer- seller meets in the field of Bio-technology to be conducted by TIIC by way of one time assistance of Rs.20 lakhs under part II scheme in the Budget Estimate for the year 2005-06.

4. Accordingly, the Govt. sanction a sum of Rs.20 lakhs (Rupees twenty lakhs only) as one time assistance for conducting seminar / training / Buyer- seller meets in the field of Bio-technology to TIIC under Part II scheme for the year 2005-06.

5. The amount sanctioned in para 4 above shall be debited to the following head of account:

" 2885 Other outlays on industries and Mining 01 Industrial Financial Institutions 101 Assistance to Industrial Financial Institution, Schemes in the Tenth Five Year Plan-II State Plan JF. Assistance to Tamil Nadu Industrial Investment Corporation for conducting seminar / training / meets in the field of bio technology -09 Grants in aid.03 Grants for Specific Schemes (DPC 2885.01.101.JF.0932)"

6. The amount sanctioned in para 4 above, shall be credited to PD account of TIIC Limited

"K Deposits and Advances (b) Deposit not bearing interest-8443.00-Civil Deposits -800, other deposits - AE Deposits of Govt. companies, corporations etc-01 Deposits of TIIC Ltd (DP Code No.8443.00.800.AE 010H) (Receipts)

7. The Industries Commissioner and Director of Industries and Commerce is authorized to draw the amount sanctioned para 4 above and credit to the PD account of the TIIC Limited.

8.The Chairman and Managing Director, TIIC Limited is requested to take necessary follow up action.

9. This order is issued with the concurrence of Finance Dept. vide its U.O Note.No. 38491/ Finance (IND)/05-1, dated 25.5.2005.

(BY ORDER OF THE GOVERNOR)

RAMESHRAM MISHRA
SECRETARY TO GOVERNMENT

To

The Chairman and Managing Director, Tamil Nadu Industrial Investment Corporation Limited, Chennai-35.

The Industries Commissioner & Director of Industries and Commerce, Chepauk, Chennai-5.

The Accountant General, Chennai-18.

The Accountant General, Chennai-18(by name)

The Pay and Accounts Officer, Chennai-5.

The Commissioner of Treasuries& Accounts, Chennai-15.

The Pay and Accounts Officer, O/o. the IC&DIC, Chennai-5.

Copy to:

The Finance Department, Chennai-9.

The Planning, Development & Special Initiatives Department,Chennai-9.

The State Planning Commission, Chennai-5.

Industries (OPII.IT)Department,Chennai-9.

SF/SC

/ Forwarded by order /

Section Officer.