Tamil Nadu sets up TNICC to run big infrastructure projects and earn from idle land
The new State corporation will carry out projects costing more than ₹200 crore and raise money from unused government land.
The Tamil Nadu government has set up a new company, TNICC, to carry out large infrastructure projects and earn money for the State, BusinessLine reported on 9 November.
The corporation will take on State infrastructure projects that cost more than ₹200 crore. It will also raise revenue from government land that is lying unused, and from tenders open to private companies.
The government has not yet said which projects TNICC will take on first, or how much money it will start with.
More in Business
More →
Photo: Riskyishwar / Wikimedia Commons, CC BY 3.0Odisha clears ₹4,708 crore pumped storage power project at Upper Indravati
Photo: Pinakpani / Wikimedia Commons, CC BY-SA 4.0RBI keeps Mumbai’s Abhyudaya Co-operative Bank under its administrator for another year
Photo: BSEINDIA / Wikimedia Commons, CC BY-SA 3.0