Defence IndustryPrivate Sector

TN aims to become auto electronics, defence and aerospace manufacturing hub

State also plans to attract investments and create jobs in the electric mobility space, supported by a favourable policy launched last year

Tamil Nadu aims to emerge as an attractive manufacturing centre for automotive electronics, defence and aerospace, going forward, a top State government official said on Wednesday.

With the right ecosystem in place, the Tamil Nadu government is all set to attract investments in the emerging areas of automotive and allied sectors.

“There is going to be more and more proportion of electronics in vehicles, with the emergence of new norms and electric mobility. Given the State’s strengths in auto, IT and electronics, Tamil Nadu can become an important manufacturing hub for automotive electronics,” N Muruganandam, Principal Secretary-Industries, Government of Tamil Nadu, said during the virtual Auto Conclave 2020, organised by FICCI.

He felt that it would be a logical extension for automotive and component companies in the State to look at opportunities in the defence and aerospace sectors. While the State has come out with a policy to attract investments in defence and aerospace, Tamil Nadu is also housing one of the two defence corridors planned by the Union government. “Overall, the future of the auto sector is bright and Tamil Nadu will continue to grow in this space,” he added.

Muruganandam highlighted the State’s plan to attract investments and create jobs in the electric mobility space, supported by a favourable policy launched last year.

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Source
the hindu businessline
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