Mfg to see Rs 23 trn inflows in Tamil Nadu by 2030-31: Industries minister

Thangam Thennarasu foresees creation of 4.6 million jobs; sector set to grow from $48 bn in 2020-21 to $250 bn by 2030-31

The manufacturing sector is set to play a major role in Tamil Nadu’s journey to becoming a $1 trillion economy by 2030, state industries minister Thangam Thennarasu said on Tuesday. He added that to achieve this goal, the state has already taken various measures to bring in investments to the tune of Rs 23 trillion in the manufacturing sector that may create around 4.6 million jobs.

Based on a policy note presented by Thennarasu in the state assembly, the manufacturing sector is all set to grow from $48.1 billion in 2020-21 to $250 billion by 2030-31. During the financial year 2021-22,