5 days ago
- Business
- United News of India
Amid concerns over US tariffs, TN Industries Min holds meeting with Exporters
Chennai, Aug 14 (UNI) Amid growing concerns over US tariffs and in the midst of significant shifts
in global trade flows, the Government of Tamil Nadu, accounts for nearly 31% of its exports to the United States as against India's overall exports of around 20%, held a meeting the exporters from
key sectors like textiles, automobiles, gems and jewellery, heavy engineering, electronics, among others.
The meeting held at Guidance Tamil Nadu and chaired by Industries Minister Dr TRB Raaja, was aimed at reinforcing its commitment to the Industry to ensure Tamil Nadu, as India's export engine, remains strong and future-ready.
In the meeting, the State Government also assured them that it would strive hard to ensure the interests of the primary and the secondary sectors were protected and safeguarded from any and
all external impacts.
In a statement on X, Dr Rajaa said under the visionary leadership of Chief Minister M K Stalin,
the government has built a track record of regularly interacting with industry to enable ease of
doing business and work with them to tackle any global headwinds.
"Today's meeting at @Guidance_TN with exporters from key sectors like textiles, automobiles,
gems & jewellery, heavy engineering, electronics, and more, was a reaffirmation of that approach",
he said.
The Minister said "in the midst of significant shifts in global trade flows, it is imperative for us to listen directly to our exporters, understand the hurdles in their paths and calibrate our policy response to safeguard their competitiveness".
Dr Rajaa said Tamil Nadu accounts for nearly 31% of its exports to the United States while India's overall exports to the US stands at around 20% only.
"While we look to the Union Government to chart national trade policy that cushions our exporters from severe shocks – and we stand shoulder to shoulder with them in that endeavour – our responsibility as one of India's largest exporter state is to act quickly, decisively, and in close coordination with industry, he added.
"We are also taking this as an opportunity to identify structural fixes that will serve our exporters for the long term. We are determined to ensure Tamil Nadu, as India's export engine, remains strong
and future-ready.
"We have more such consultations lined up in the coming days and we will of course seek the help
of our Honourable CM", the Minister said.
"With the resilience of our people and the State's unwavering commitment, Tamil Nadu will continue to move to its next phase of export growth", he said, boosting the confidence of the exporters.
"The Government of TamilNadu and Chief Minister Thiru #CMMKStalin avargal will strive hard to ensure the interests of the primary and the secondary sectors are protected and safeguarded from any and all external impacts. #InvestInTN #BullishOnTN", he added.
UNI GV 1450
