Cabinet lays down ground rules for setting up pvt. universities
CHENNAI, JANUARY 19, 2019 00:00 IST
CM Palaniswami chairing a Cabinet meeting at the Secretariat on Friday.Special Arrangement
Prospective institutions should have 100 acres of land and a corpus of Rs. 50 crore
The State Cabinet has decided to lay down prerequisites for the establishment of private universities.
Those proposing to set up such institutions should have 100 acres of land and a corpus of Rs. 50 crore. This was decided at a meeting of the Cabinet on Friday, according to a source in the government. Last year, the Assembly gave approval for the formation of two private universities, one by SSN Trust and another by Sai Education, Medical, Research and Charitable Trust.
Industrial projects
Besides, the Cabinet gave its nod for 11 proposals of industrial projects, which would attract a total investment of Rs. 15,000 crore. Proponents of the projects and the government would enter into memoranda of understanding at the Global Investors’ Meet (GIM) next week.
With regard to the manufacturing sector alone, the Cabinet, in the last one month, approved projects, estimated to cost totally around Rs. 65,000 crore for getting subsidies. A senior government official said that the total number of MOUs to be signed at the GIM covering the manufacturing sector and other sectors is likely to be in the range of 150 to 200.
As for the political nature of deliberations, another source says that all Ministers have been advised to ensure that booth-level committees are in place in view of the coming Lok Sabha elections.
CHENNAI, JANUARY 19, 2019 00:00 IST
CM Palaniswami chairing a Cabinet meeting at the Secretariat on Friday.Special Arrangement
Prospective institutions should have 100 acres of land and a corpus of Rs. 50 crore
The State Cabinet has decided to lay down prerequisites for the establishment of private universities.
Those proposing to set up such institutions should have 100 acres of land and a corpus of Rs. 50 crore. This was decided at a meeting of the Cabinet on Friday, according to a source in the government. Last year, the Assembly gave approval for the formation of two private universities, one by SSN Trust and another by Sai Education, Medical, Research and Charitable Trust.
Industrial projects
Besides, the Cabinet gave its nod for 11 proposals of industrial projects, which would attract a total investment of Rs. 15,000 crore. Proponents of the projects and the government would enter into memoranda of understanding at the Global Investors’ Meet (GIM) next week.
With regard to the manufacturing sector alone, the Cabinet, in the last one month, approved projects, estimated to cost totally around Rs. 65,000 crore for getting subsidies. A senior government official said that the total number of MOUs to be signed at the GIM covering the manufacturing sector and other sectors is likely to be in the range of 150 to 200.
As for the political nature of deliberations, another source says that all Ministers have been advised to ensure that booth-level committees are in place in view of the coming Lok Sabha elections.
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