5.

Industrial Cluster: Automobile – Kancheepuram Dist:Many automobile units such as Hyundai, Ford India, Mahindra, Mitsuibishi, etc. along with hundreds of automobile ancillaries have recently been set up at Kancheepuram District of Tamil Nadu. The volume of export from this area alone is more than Rs.3500 crores per annum.

Government should declare Kancheepuram District as an Industrial Cluster for automobiles and provide infrastructure facilities of global standards.

This will expedite faster industrial growth in these areas, resulting in more exports from this area.

6.

Encouragement
to Investment

(a) Tax holiday for Automobile Industry for investment exceeding Rs.500 crore (as given to power projects, firms engaged in exports, EOUs, infrastructure projects, etc.)
(b) Deduction of 30 per cent of net (total) income for 10 years for new industrial undertakings.
(c) Tax deductions of 100 per cent of export profits.
(d) Concession of Import duty on machinery for setting up of new plant or capacity expansion
(e) Deduction of 50 per cent on foreign exchange earnings by automotive companies (like Construction companies, hotels, etc.)

This will expedite faster industrial growth in these areas, resulting in more exports from this area.