Saturday, September 29, 2012

Vision 2023 - TN Budget for the year 2012-2013

     The current economic scenario calls for a farsighted and target oriented approach from the Government to make Tamil Nadu the most prosperous and progressive State in the country. Our Hon’ble Chief Minister has responded to the challenge and 6 has formulated a Tamil Nadu Vision 2023 Document for the State, with clear goals to be achieved by the year 2023, coinciding with the next two Five Year Plans.  This vision statement, which revolves around ten important themes, has been unveiled by our Hon’ble Chief Minister on 22nd March 2012.  The vision document aspires for a six fold growth in per-capital income over the next 10 years and aims at inclusive growth and making the State poverty free.  The Vision 2023 aims at making Tamil Nadu the State having the best infrastructure services in all vital sectors as well as the highest Human Development Index (HDI) ranking in India.

      Our Hon’ble Chief Minister’s vision also spells out a clear strategy for achieving these lofty goals.  This strategy would include,  inter alia, increasing the share of manufacturing in the State’s economy; making the Micro, Small and Medium Enterprises (MS&ME) sector more vibrant; imparting skills; improving agricultural productivity and making Tamil Nadu the Knowledge Capital and Innovation Hub of India.

      This Vision document also envisages a total investment in key infrastructure projects of Rs.15,00,000 crores, which would create huge positive externalities and open up the economy for rapid growth.  This Budget has been drafted with 7 these policy goals in mind.  As already promised, we will shortly introduce legislation to form the Tamil Nadu Infrastructure Development Board with the Hon’ble Chief Minister as the Chairperson to commence implementation of the new projects.  We have allocated Rs.1,000 crores to begin with, for the Tamil Nadu Infrastructure Development Fund in the Budget Estimates for 2012 2013.  I am confident that it would mark a remarkable beginning in our ambitious journey towards achieving the goals of Vision 2023.

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