The Hon’ble Deputy Chief Minister of Tamil Nadu and Minister of Finance O Panneerselvam presented the Tamil Nadu Budget 2019-20 in Tamil Nadu Assembly recently. While welcoming the people measures, Raja M Shanmugham, President, TEA said the Government decision to form Tamil Nadu Infrastructure Development Board to fast track infrastructure projects will help to execute the projects in time. He welcomed the proposal to commence the implementation of the Athikadavu Avinashi Scheme with allocation of Rs. 1,000 cr.
Raja M Shanmugham lauded the government decision to establish a new autonomous body named MSME Trade and Investment Promotion Bureau to provide access to international markets for the products and services of the MSMEs, which will largely help Tirupur MSME knitwear exporting units. While appreciating comprehensive strategies followed for poverty allocation, he said allocation of a sum of Rs. 230.89 cr under Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) for placement linked skill training to benefit rural youth for the coming year and pointed out that Skill Division of NIFT TEA College of Knitwear Fashion is also imparting training to youth under the scheme and will place them in member units of our Association.
Shanmugham welcomed the Budget proposal to establish Advanced High End Skill Building centres to impart higher level technical skills to unemployed engineering graduates in the coming year under PPP mode in five selected district headquarters and he appealed to select Tirupur as one among five centres.