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Known for its vibrant industrial ecosystem, Tamil Nadu continued to make steady strides in the sector in 2025, witnessing record IT exports, besides focusing on aerospace with new investment proposals and marching into 2026 with a double digit growth. Ford's re-entry in to the state brought cheers, even as fears have emerged in the hosiery hub Tirupur following the revised US tariffs aimed at Indian imports into that country. Touching an all time high, the state clocked a 11.19 per cent growth rate, which Chief Minister M K Stalin attributed to the sustained economic policies of the DMK government that assumed office in 2021. According to industry department officials, TN had previously recorded its highest growth rate of 9.69 per cent during the 2010-11 financial year when the late DMK patriarch M Karunanidhi was the CM. "We are not saying this. As per the Union ministry of statistics and programme implementation's revised estimates, during 2024-25, Tamil Nadu has achieved 11.19 p
India's food processing sector accounts for 7.7 per cent of manufacturing output and supports over 7 million jobs, is projected to reach USD 535 billion by 2025-26, driven by rising consumption, exports, and government focus on 'Make in India', according to industry experts. With AI automation and smart packaging redefining the industry, India has the potential to emerge as the global hub for food and packaging materials, they said at the the Fi India and ProPak India event organised by Informa Markets. According to them, India's organic food market is projected to grow at a compound annual growth rate (CAGR) of 20.13 per cent to USD 10.8 billion by 2033, while the food ingredients market is growing at 7-8 per cent CAGR. Dr Meenakshi Singh, Chief Scientist, Technology Management Directorate, Council of Scientific and Industrial Research (CSIR), said food ingredients form the backbone of the food sector, with packaging playing an equally critical role in ensuring safety and ...
People's Democratic Party (PDP) legislator Waheed Para on Saturday criticized the government over the post-abrogation promise of development and industrialization in Jammu and Kashmir and said no major investment has taken place so far in the Union Territory. He said the people of Jammu and Kashmir have expressed concerns that current development will lead to destruction in the region. "While discussing allocations here over the last five years following the abrogation of Article 370, this move was justified with the claim that there would be large-scale development, industrialization and significant investments in J&K. However, this has not materialized," Para said during discussions on departmental allocations in the Jammu and Kashmir Assembly. Taking a swipe at the government, he added, "The reality is that 50 per cent investment has gone down, with very little investment actually taking place as far as industrialisation is concerned." The PDP leader said there is a growing ...