INDIA
The Tamil Nadu chief minister unveiled her government's Vision 2023 that envisages GDP growth at 11% per annum.
Tamil Nadu Chief Minister J Jayalalithaa on Thursday unveiled her government's Vision 2023 that envisages GDP growth at 11 percent per annum.
The document also seeks to raise per capita income to Rs.450,000, provide piped and pressurised water to all citizens, eradicate slums by building 2.5 million affordable homes, achieving universal secondary education, ensure high-speed highways, unleash a second green revolution and develop 10 world class cities in the state.
Releasing the document at a function in Chennai, Jayalaltihaa said, "Vision 2023 envisages Tamil Nadu becoming one of the top three destinations for investment in Asia and emerging the most attractive state for investments in India."
"Good leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion," she said.
"A vision gives you the impulse to make your own art work. Vision entails a task to accomplish."
Declaring wanted to set Tamil Nadu on a high growth trajectory, securing economic growth for all, the chief minister added: "It is in this context that we have embarked, for the first time, on the preparation of a vision document as a strategic plan for achieving overall development."
She said over the next 11 years, Tamil Nadu, given its factor endowments and combination of strengths and opportunities, will aim to increase its GSDP at a growth rate of 11 percent or more per annum - about 20 percent more than the expected growth rate of India's GDP over the same period.
Citing the expected increase in population of 15 percent over the next 11 years, the increase in per capita income at today's prices would be six times to reach Rs.450,000 or $10,000 in 2023.
"To ensure long term energy security of our state, my vision is to build 20,000 MW of additional power generation capacity in 10 years."
She said she would seek to train and equip 20 million people with skill sets over the next 11 years and set up 10 or more top league institutions as centres of excellence in various fields.
Projecting an investment outlay of around Rs.15 trillion, Jayalalithaa said a substantial portion of of the financing for infrastructure had to be mobilised form non-government sources including the private sector as well as foreign direct investment (FDI).
"The government will play the central role of a procurer of infrastructure services on behalf of the people and will facilitate private investment and service delivery in the infrastructure sector," she said.
Jayalalithaa said the government will nurture a culture of responsive and transparent overnance that ensures progress, security and equal opportunity to all stakeholders.
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