Latest news with #TN-based
Time of India
3 days ago
- Business
- Time of India
How TN can trump tariffs
Is the glass half full or half empty? The Trump administration's tariff regime has created upheavals in world trade. Tamil Nadu, however, sees an opportunity both for its MSME sector as well as the big-ticket MNC investors. For the MSME sector — backbone of the state's export performance in competing with Thailand, Vietnam and Cambodia — it's a chance to find newer markets and products. For the MNC manufacturing investors, it's a chance to boost local sourcing thus growing the MSME vendor base. 'The ongoing tariff shifts and global realignments in trade may have opened a window of opportunity for Tamil Nadu's MSMEs in certain sectors,' says industries minister T R B Rajaa. 'While Vietnam and Thailand are often cited as alternatives, Tamil Nadu has a distinct edge. We have a highly skilled talent pool and a mature manufacturing ecosystem across multiple sectors,' he adds. There's reason for this optimism. According to the latest NIRYAT data, Tamil Nadu's overall exports hit $52 billion by FY24-25, up 19.5% from $43.5 billion in FY23-24. Of this, $18 billion is engineering goods including automotive components, $14.6 billion is electronics and $5.4 billion is ready-made garments. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like CFD: Invertir $100 con IA podría devolverte un segundo salario Digital Group Prueba ahora Undo MSMEs are the backbone of exports in India – the number of exporting units increased from 52,849 in FY20-21 to 1,73,350 in FY24-25. And TN is the third biggest exporting state after Gujarat and Maharashtra. TN-based major manufacturers have been expanding to non-North American markets. Ashok Leyland, which saw a 52% jump in export volumes in Q4, has said it is targeting GCC (Gulf cooperation council) and African markets in a big way. TVS Motor, which saw a 22% jump in FY25 exports, is shipping to markets in South and Southeast Asia, Latin America and Africa. TN's export strategy ties in with its push to attract new investments. 'We are pitching to companies around the world at a hectic pace to bring in large-scale investments and global supply chains,' says Rajaa. 'MSMEs are at the core of this growth story, and we encourage them to leverage emerging opportunities,' he adds. 'Tamil Nadu has a wide range of MSMEs and our focus is to make the quality of products export worthy,' says Atul Anand MSME secretary. 'The state's large number of clusters helps with making these companies export worthy.' The good news is that TN's MNC investors are also looking at the tariff scenario as a window to increase local footprint. 'While our shipments and exports to the US are continuing without disruption, we are looking at potential uncertainty in other regions where we operate, including Southeast Asia, home to our largest factories, and Taiwan,' says Niranjan Nayak, MD, Delta Electronics India. Thailand is Delta's largest base of operations in addition to Taiwan and China. 'Future attractiveness might be lower [in these regions] or there could be a degree of uncertainty and this gives us an opportunity to increase our manufacturing capability here in India because, based on the current tariffs, India is not in a significantly negative position,' he says. The state's MSMEs can look forward to domestic opportunities too. For, tariffs will affect the supply chains of all businesses, and big manufacturing will boost local sourcing to survive. That means new business for MSME vendors. 'The tariffs will have a direct or indirect impact on everyone. Aligned with the 'Make in India' initiative, we are advancing our localization efforts right down to the smallest components so we don't get impacted by global scenarios,' says Syed Sajjadh Ali, MD, electrical sector, India, Eaton. Lower dependence on the global supply chain means 'an upper hand in terms of cost reduction' and 'the vendor base is happy to get into new business as volumes ramp up'. 'We are seeing growing interest from international investors who are looking to diversify their sourcing beyond China,' says Rajaa. Now, that has expanded to cover Southeast Asia. For Tamil Nadu, it can only spell opportunity. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Yahoo
07-05-2025
- Yahoo
Monroe County deputies searching for ‘armed and dangerous' man
MONROE COUNTY, Tenn. (WATE) — The Monroe County Sheriff's Office is searching for a man who they say is 'armed and dangerous.' According to Sheriff Tommy Jones, Dakota Narciso Rowe is wanted on charges including aggravated assault with a deadly weapon, aggravated burglary, reckless endangerment, and employment of a firearm during the commission of a felony. Former patients of TN-based clinics now eligible for compensation Jones said Rowe is 6'1″ tall and weighs around 185 pounds with brown hair and hazel eyes. He also has a tattoo on the front of his neck and may be traveling on a black and red motorcycle. Dakota Rowe (Monroe County Sheriff's Office) Jones asked Rowe to turn himself in peacefully, and added that anyone who knows where Rowe is located should contact Monroe County Dispatch at (423) 442-4357 (HELP) or Lieutenant Detective Billy Littleton at (423) 519-2713. Tipsters information can be kept confidential. Man faces burglary charges after police respond to West Knoxville Although the sheriff's office did not elaborate on the details of the incident Rowe is wanted in connection to, Jones said Rowe is facing three counts of aggravated assault with a deadly weapon, one of which involved a victim under the age of one, and the aggravated burglary charge was in connection to a home invasion with a firearm. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. For the latest news, weather, sports, and streaming video, head to WATE 6 On Your Side.
Yahoo
07-05-2025
- Health
- Yahoo
Phoenix Rural Health to take over Jellico Hospital after 2024 closure
JELLICO, Tenn. (WATE) — Phoenix Rural Health signed a memorandum of understanding with the city of Jellico to oversee their hospital that had shut down, according to the city recorder. Jellico Hospital shut down in March 2024, forcing patients to travel long distances for medical care. One patient told 6 News that she had to drive all the way to Knoxville to get stitches for her son. Former patients of TN-based clinics now eligible for compensation Pheonix Rural Health, from Jamestown, describes itself as 'an organization created to save struggling rural hospitals.' In August, the Board of Mayor and Alderman voted for Community Hospital Management to take control of the hospital. However, in November, they voted 4-3 not to continue lease negotiations after hearing from outside council, according to LaFollette Press. The video of the meeting shows that they had concerns such as the length of the term and the lack of a termination option for the city, among other issues. Military helicopter training at Downtown Island Airport unsettles area residents The city voted to sign PRH in January. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. For the latest news, weather, sports, and streaming video, head to WATE 6 On Your Side.
Yahoo
07-05-2025
- Yahoo
Man faces burglary charges after police respond to West Knoxville
KNOXVILLE, Tenn. (WATE) — A Knoxville man is facing burglary and vandalism charges after police officers responded to a reported home burglary in West Knoxville on Tuesday. Knoxville Police released on Wednesday that Bryan Keith Cole, 63, is facing two counts of aggravated burglary and two counts of vandalism of up to $1,000 after he was arrested in the area of Calumet Drive. Former patients of TN-based clinics now eligible for compensation Around 11:15 a.m. Tuesday, officers were dispatched to the 200 block of Century Court because of a report that someone was attempting to break into houses. According to court records, officers learned that two homes in the area had been broken into. KPD wrote that the suspect, who was later identified as Cole, had used a rock to shatter a door or window before entering the homes. While officers were on Century Court, there were reports that Cole had been spotted in the backyard of homes in the Noelton Drive area. A general sessions docket stated that officers found Cole behind a fence in a cemetery in the 4700 block of Calumet Drive, and he was taken into custody without incident. Athens couple out $9,000 after contractor never finishes job According to KPD, Cole admitted that he had broken into one of the homes to steal items to support his drug habit. When he was found, court records state that Cole had a silver necklace, a gold necklace and several gold dollar coins but those items may have been taken during a previous burglary. Cole is also facing charges of aggravated burglary in connection to similar incidents that happened in March on Fairmont Boulevard and Coker Avenue, KPD said. He is expected to appear in court on those charges on May 21. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. For the latest news, weather, sports, and streaming video, head to WATE 6 On Your Side.
Yahoo
07-05-2025
- Automotive
- Yahoo
Section of Louisville Road in Alcoa to close as part of pedestrian bridge construction
ALCOA, Tenn. (WATE) — The Tennessee Department of Transportation plans to close a section of Louisville Road in Alcoa on Thursday as part of a project to install a pedestrian bridge. Louisville Road (also known as State Route 334) is scheduled to be closed between Proffitt Springs Road and Alcoa Highway until Saturday, May 17. Northbound traffic will be rerouted onto West Hunt Road to Alcoa Highway and Pellissippi Parkway. Drivers will then be directed to the Topside Road exit. Meanwhile, southbound traffic will be rerouted to Proffitt Springs Road to Highway 321. Athens couple out $9,000 after contractor never finishes job (City of Alcoa government) This is part of the 'Eagle Greenway Project,' the city explained in a Facebook post. Their goal is to install a pedestrian bridge over the CSX railroad near Louisville Road and Liberty Street. 'We apologize for this inconvenience and are working diligently with TDOT to ensure the project is completed as quickly as possible,' the city government wrote. Former patients of TN-based clinics now eligible for compensation On their website, TDOT advised drivers to use caution as workers will be present. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. For the latest news, weather, sports, and streaming video, head to WATE 6 On Your Side.
