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New Tamil Nadu policy seeks Rs 75,000 cr investments in aerospace, defence

State targets 100,000 jobs in the sector as it seeks to be trillion-dollar economy by 2031

Aerospace, defence, DRDO, Aero India
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With the establishment of this facility, Tamil Nadu will emerge as an aerospace and defense hub for research and development

BS Reporter Chennai
Tamil Nadu announced on Tuesday a new policy that will seek investments worth Rs 75,000 crore in aerospace and defence industries in the next ten years. 

The policy seeks to generate 100,000 jobs in the sector. Chief Minister M K Stalin said that the state aims to be a trillion-dollar economy by 2030-31 and its focus is on the manufacturing and services sector.

Stalin inaugurated the Tamil Nadu Smart and Advance Manufacturing (TANSAM) and Tamil Nadu Advanced Manufacturing Centre of Excellence (TAMCOE). TANSAM is set up by the Tamil Nadu Industrial Development Corporation Ltd (TIDCO)in association with Siemens with an