ABSTRACT

Small Industries - Part II Scheme 2005-2006 – Small Industries Development Corporation Limited – Investment in Incubators Project of TREC-STEP – Sanction of Rs.25.00 lakhs – Orders – Issued.

Small Industries (SIC) Department

G.O.Ms.No.55
Date: 17-6-2005

Read:

1. Managing Director, Small Industries Development Corporation Limited, Letter Rc.No.6721/D2/2003 dated 2.3.2005.

2. Managing Director, Small Industries Development Corporation Limited, DO Letter No.6721/D2/03 dated 25.4.05.

ORDER:

The Science and Technology Entrepreneurs Parks (STEP) and Technology Business Incubators (TBIs) are promoted by Department of Science and Technology, Government of India. The first STEP as business incubator was promoted in India in Tiruchirapalli Regional Engineering College as TREC-STEP. TREC-STEP is taking up a new Design Innovation Incubator for promoting start-up companies in IT and IT enabled engineering services area. This project has been approved by Department of Science and Government of India and they have sanctioned in principle, Rs.98 Lakhs for hardware, software and connectivity. A further sum of Rs.75 lakhs is required by TREC-STEP for establishing state-of-the-art building space for the incubator. Tamil Nadu Small Industries Development Corporation Limited has approved participation in the Design Innovation Incubator Project of Trec-Step in its Resolution No.122 of 197th Board Meeting held on 27.10.03 and has agreed for contribution not exceeding Rs.25 lakhs.

2. The Managing Director, Tamil Nadu Small Industries Development Corporation Limited in his letter read above has requested to sanction Rs.50.00 lakhs as grant for Design Incubator Project, TREC-STEP, Trichy at the rate of Rs.25.00 lakhs per annum for the years 2005-2006 and 2006-2007 and requested to release Rs.25.00 lakhs during 2005-06.

3. The Government have examined the proposal of Tamil Nadu Small Industries Development Corporation Limited in para 2 above and have approved the proposal under Part II Scheme for the year 2005-2006. Accordingly, sanction is hereby accorded for incurring an expenditure of Rs.25.00 lakh (Rupees Twenty Five lakhs only) as State Government grant for the year 2005-06 towards investment in the Incubator Project of TREC-STEP, Trichirapalli.

4. The expenditure sanctioned in para 3 above shall be debited to:

"2851-00 Village and Small Industries – 102 Small Scale Industries Scheme in the Tenth Five Year Plan-II. State Plan. LV Incubator Project of TREC-STEP – 09 Grants in aid-03 Grants for Specific Schemes (D.P.Code 2851-00-102-LV-0937)

5. The Industries Commissioner and Director of Industries and Commerce is authorised to draw and disburse the amount sanctioned in para 3 above to TREC-STEP through Tamil Nadu Small Industries Development Corporation Limited.

6. This order issues with the concurrence of Finance Department vide its UO NO. 42221/BPE/05 dated 15.6.2005.

(By Order of the Governor)

D.RAJENDRAN
Secretary to Government

To

The Industries Commissioner and Director of Industries and Commerce, Chennai-5.
The Managing Director, Tamil Nadu Small Industries Development Corporation Limited, Chennai-16
The Accountant General, Chennai 18/35/
The Pay and Accounts Officer, Chennai-5.

Copy to:

The Finance (Industries / BG) Department, Chennai-9
The Small Industries (SIB) Department, Chennai-9.
SF/SC

/forwarded by order/

Section Officer