Chennai: “The Tamil Nadu Government’s renewed Aerospace and Defence (A&D) policy with a mission to create the State as a robust, world class hi-tech Aerospace and Defence destination, was expected to contribute USD 10 billion by 2030 towards making TN a USD one trillion economy.by that year.
In his address at the Conference on Aerospace & Defence Manufacturing Technologies organised by the Tamil Nadu Technology Development and Promotion Centre of CII focusing on the theme ‘New Era of Aerospace & Defence Manufacturing for AtmaNirbhar Bharat’ here today, Additional Secretary and Project Director, Tamil Nadu Industrial Development Corporation Limited (TIDCO) B. Krishnamoorthy said the government’s
recent announcement for a renewed Aerospace and Defence (A&D) policy with a mission to create the State as a robust, world class hi-tech Aerospace and Defence destination has gained momentum.
One of the key strengths is leveraging the existing strength of 38,000 industries in TN and the highly skilled manpower that is readily available.
“To push the agenda, we intend to foster a better ecosystem by setting up more Centre of Excellence, Start-up hubs and innovation clusters too”, he said.
“We expect this sector to contribute USD10 Billion towards making TN a USD one trillion economy by 2030”, Mr Krishnamoorthy said. As land is very crucial for investors to set up their greenfield projects, a thematic defence park in Chennai and other locations across Tamil Nadu is being created. Also, Coimbatore will host three industrial parks and it is in different stages of development,” he added.
He said the Tamil Nadu Government has announced the Aerospace and Defence as a sunrise sector under the TN Policy of 2021 resulting in creation of Industrial parks, subsidies, and incentives to support investors.
He also said a park for the electronics sector is being set up in Hosur. “The thrust of the Government, both State and Centre when it comes to the “Atma Nirbhar Bharat Mission” to create a self-reliant country and reviving the Indian economy remains non-negotiable”, he added.
With the AtmaNirbhar Bharat Mission, Tamil Nadu has successfully been ranked No. 3 in the country when it comes to Ease of Doing Business. The possibilities of Tamil Nadu being ranked in the top position in the coming years is higher as the State supports the MSME sector when it comes to the Aerospace & Defence sector,” M. Ponnuswami, Chairman, MSME & Ease of Doing Business Sub-Committee, CII-SR & Chairman & Managing Director, Pon Pure Chemical India Pvt Ltd, said.
