INSUBCONTINENT EXCLUSIVE:
MK Stalin said, "We have set up a target of $1 trillion economy for Tamil Nadu by 2030."Chennai: The Tamil Nadu government on Wednesday
signed Memorandum of Understanding for 24 projects worth Rs 2,120.54 crore, while Chief Minister M K Stalin said the government's goal is
to increase the state's exports to $100 billion by 2030.The state government's Micro Small and Medium Enterprises Trade and Investment
Promotion Bureau (M-TIPB) entered into an MoU with Flipkart/Walmart for promotion of e-commerce among MSMEs in Tamil Nadu through a supplier
development programme.This initiative envisages expanding the capabilities of MSMEs through intensive training and support and equip them to
an MoU for collaboration between MSMEs in the state and businesses in Germany
The MoU would facilitate linkages, interaction, technology collaboration programmes and export opportunities for MSMEs in the
commemorate the 75th anniversary of Indian Independence (Azadi Ka Amrit Mahotsav).As part of the event, Stalin released Tamil Nadu Exports
Promotion Policy (TNEPP) and MSME Exporters Handbook and inaugurated an Export Exhibition, which saw the participation of 21 export units,
export promotion centres and government departments.On behalf of the Industries Department, 14 MoUs were signed with the 100 per cent Export
Oriented Units, with a cumulative investment of Rs 1,880.54 crore, creating employment opportunities for 39,150 persons, an official release
opportunities for 2,545 persons.In his address, Stalin said, "We have set up a target of $1 trillion economy for Tamil Nadu by 2030
To achieve this, the state's exports should be increased to $100 billion from the present $26 billion."To help attain the goal, public and
and would strengthen export related common infrastructure projects in these places by reimbursing 25 per cent of the project cost, subject
to a ceiling of Rs 10 crore per hub.The 10 identified locations are Chennai, Coimbatore, Hosur, Kancheepuram, Tirupur, Karur, Madurai,
sector-wise statistics on exports from the state, including a 58 per cent and 45 per cent share in apparel and accessories and footwear
respectively, Stalin said "we should not be satisfied with this victory, the export percentage should go up every year."Stressing on
producing value added products to drive exports, he said electric vehicles, food processing and defence are among the sectors that should
"International Furniture Park" at Tuticorin, an export oriented initiative and this would drive the industrial growth of southern regions of
happy to announce that the Cotton Corporation of India has now come forward to set up cotton depots in Salem, Madurai, Coimbatore and
Virudhunagar."In total, investments committed in 24 projects is Rs 2,120.54 crore and would bring employment opportunities to 41,695
investments would be made across the state in various locations like Chennai, Kanchipuram, Tirupathur, Krishnagiri, Madurai, Salem,
Tiruchirappalli, Thanjavur, Thoothukudi, Dindigul and Tirunelveli districts.Stalin also issued land allotment orders for the first two
companies that are set to come up in an exclusive Polymer Park at nearby Ponneri to cater to the needs of the polymer industry.The MSME
Exporters Handbook provided comprehensive information about various export clearances and processes required for MSMEs.Ministers for
Industries and Rural Industries, Thangam Thennarasu, and T M Anbarasan respectively, Chief Secretary V Irai Anbu, Additional Secretary,
Union Commerce Ministry, Sanjay Chadha and Additional Director General of Foreign Trade, Shanmuga Sundaram participated.(This story has not
been edited by TheIndianSubcontinent staff and is auto-generated from a syndicated feed.)
