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Monday, February 26, 2024

Stalin unveils new Aerospace, Defence policy, targets Rs 75,000 cr investments in 10 yrs


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Chennai: Tamil Nadu Chief Minister M.K.Stalin on Tuesday unveiled the new TN Aerospace and Defence Industrial policy, which has set an ambitious target of attracting investments to the tune of Rs 75,000 crores and providing one lakh direct and indirect jobs in the Aerospace and Defence (A&D) sector in the next 10 years.

State Industries Minister Thangam Thennarasu, received the first copy of the policy from the Chief Minister at the Conclave on Industries 4.0 held here.

The main objective of the policy is to make Tamil Nadu “the preferred destination to invest, innovate and create products and services in Aerospace and Defence sector.”

Through the policy, the State aims to a create a robust, world-class, high technology, efficient A&D manufacturing ecosystem. The government also aims to attract global Original Equipment Manufacturers (OEMs) and Tier-1 suppliers and Indian majors
as anchor units in the by providing the required facilitation and support.

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