The Tamil Nadu government has signed MoUs for 24 projects worth Rs 2,120.54 crore, while Chief Minister MK Stalin said the government's goal is to increase the state's exports to $100 billion by 2030.

The state government's Micro Small and Medium Enterprises Trade and Investment Promotion Bureau (M-TIPB) entered into an MoU with Flipkart/Walmart for promotion of e-commerce among MSMEs in Tamil Nadu through a supplier development programme.

M-TIPB and The Indo German Chamber of Commerce entered into an MoU for collaboration between MSMEs in the state and businesses in Germany. The MoU would facilitate linkages, interaction, technology collaboration programmes and export opportunities for MSMEs in the state.

Presided by Chief Minister Stalin, the inaugural of the Tamil Nadu Exports Conclave, organised by the departments of the state and central governments to showcase the strengths of Tamil Nadu in exports, was held.

As part of the event, Stalin released Tamil Nadu Exports Promotion Policy (TNEPP) and MSME Exporters Handbook and inaugurated an Export Exhibition, which saw the participation of 21 export units, export promotion centres and government departments.

On behalf of the Industries Department, 14 MoUs were signed with the 100% export oriented units, with a cumulative investment of Rs 1880.54 crore, creating employment opportunities for 39,150 persons, an official release said.

Another 10 MoUs were signed on behalf of the MSME Department, with a cumulative investment of Rs 240 crore, providing employment opportunities for 2,545 persons.

The state shall adopt a two-pronged approach of export promotion and export diversification to achieve this objective, a key aspect of the TNEPP. The government has also planned developing two "Export Enclaves" at Manallore and Tuticorin with world class infrastructure amenities for exporters. It has identified 10 export hubs and would strengthen export related common infrastructure projects in these places by reimbursing 25 per cent of the project cost, subject to a ceiling of Rs 10 crore per hub. The 10 identified locations are Chennai, Coimbatore, Hosur, Kancheepuram, Tirupur, Karur, Madurai, Ambur, Tuticorin and Pollachi, the CM said.

Schemes have also been formulated to incentivise production of value added products (Special Package Incentives) by exporters. With Rs 1.93 lakh crore exports, Tamil Nadu is the third biggest state in India in exports, and its share in national exports is 8.97 per cent (2020-21), Stalin said.

Stressing on producing value added products to drive exports, he said electric vehicles, food processing and defence are among the sectors that should gain momentum to add up to Tamil Nadu's export capacity.

A first in the country, the Tamil Nadu government is setting up an "International Furniture Park" at Tuticorin, an export oriented initiative and this would drive the industrial growth of southern regions of the state.

Such investments would be made across the state in various locations like Chennai, Kanchipuram, Tirupathur, Krishnagiri, Madurai, Salem, Tiruchirappalli, Thanjavur, Thoothukudi, Dindigul and Tirunelveli districts.

Stalin also issued land allotment orders for the first two companies that are set to come up in an exclusive Polymer Park at nearby Ponneri to cater to the needs of the polymer industry.

Published On : 24-09-2021

Source : Construction Week Online

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