T.N. sets a model for other States in manufacturing-led growth, says State government
The Tamil Nadu government on Friday listed the achievements of the manufacturing sector and said the State aims to become a $1 trillion economy by 2030 and sets a model for other States in manufacturing-led growth and global competitiveness.
According to an official press release, when the 'Make in India' initiative was launched in 2014, the goal was to raise the share of the manufacturing sector as a share of GDP to 25% by 2025. While the national average has reached only 16%, Tamil Nadu has already achieved 25% in its Gross State Domestic Product (GSDP), becoming a model State in industrial growth.
The State hosts major global manufacturers including Foxconn, Hyundai, and Samsung, employing lakhs of workers. It has over 31,000 active factories—India's highest—and leads in non-oil exports, contributing 15% of India's total despite having under 6% of the population, the release said.
Tamil Nadu accounts for 41% of India's electronic exports, 38% of footwear, and 45% of automobile components exports. The State's investor-friendly climate support by 'Guidance Tamil Nadu' ensures speedy clearances and conflict resolution mechanisms, supported by bureaucracy. Tamil Nadu has set targets to boost electronics exports from $14 billion to $ 100 billion, the release added
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