Stalin sets Rs 75,000 cr. in 10 years

Tamil Nadu Chief Minister MK Stalin on Tuesday inaugurated a conference for industries 4.0 mission at the premises of Tidal park near Taramani in the city. He also inaugurated pilot training institutes and released Tamil Nadu aerospace and defense industrial policy - 2022.

Addressing the gathering, Stalin said, “Tamil Nadu has been witnessing a steady growth in almost all the sectors especially the industrial sector in the last 15 months. As far as the industrial sector has been considered, we have not just managed to get the attention at the nation-level but also at the global-level. For achieving this, I would like to extend my congratulations to the industries minister and concerned officials.”
In the last 15 months, we have organized several conferences to release industrial policies, to attract investments, to plan strategies and to sign Memorandum of Understandings (MoUs) and everything has borne fruits, he said.

In this event, I take immense pleasure to release the Tamil Nadu aerospace and defense industrial policy – 2022, to inaugurate two centres for enhancing production and to inaugurate two autopilot training institutes – one each in Chennai and Madurai and to sign multiple MoUs. He said that he has set the target for the state to become a USD 1-trillion economy by 2023 and said that it was a huge target for the industries department and for which, everyone had to work tirelessly.

Pointing out that the state has got skilled workers, he attributed it to be one of the reasons for the state being the centre of attraction among foreign investors. At present, the higher education enrollment percentage of the state is 51.40 against the national average 40, he said, adding that the state has the responsibility of training youngsters in the upcoming technologies and as a part of which, skilled development centres are established.
“Through this conference, incentives would be given to the investors of aerospace and defense sectors to develop the sector. 

This conference would provide immense support to new entrepreneurs and MSMEs.  The state government aims to bring Rs 75,000 crore investment and to provide employment opportunities to 1 lakh people in this sector within ten years,” he added.

Industries minister Thangam Thenarasu, additional principal secretary to industries department Krishnan, president of corporate affairs and policy at GE South Asia Sharmila Barathan, managing director of Simons Mathew Thomas, managing director of Tamil Nadu industrial development institute Jayashree Muralidaran, project director Krishnamoorthy, senior government officials, foreign ambassadors and representatives of several industries attended the event.