TN govt to focus on aerospace, defence sectors to get Rs 100 bn investment

The central government has recently conducted a first-of-its-kind industry meet related to defence supply opportunities in Chennai

The Tamil Nadu government will give special emphasis to establish an Aero Space Park and a defence manufacturing corridor in the state, which is expected to attract around Rs 100 billion investment. 

The state government will continue to offer structured package assistance for large investments on a case by case basis depending on the investment level, generation of employment opportunities and other parameters, said State Finance Minister O Panneerselvam.

Presenting the budget proposals for the year 2018-19 in the Tamil Nadu Legislative Assembly on Thursday, he said, "Capitalising on the well developed automobile sector, the Government will give a special