You are here: Home » PTI Stories » National » News
Business Standard

TN to unveil exclusive aerospace, defence policy: CM

Press Trust of India  |  Chennai 

The government is formulating an "exclusive and defence policy" with an objective of achieving 25 per cent share in the sector in the country, K Palaniswami said today.

The policy was also aimed at creating high-end employment opportunities for around one lakh people in the state, he said in his address at the "DefExpo" at Thiruvidanthai near here after its inauguration by

He said the development of Chennai & Defence Park in nearby Sriperumbudur was one such initiative to start with.

Palainiswami said would like to contribute 25 per cent of the country's defence needs in terms of products and services.

"We shall support our defence forces by providing them capabilities to effectively protect our border. To meet this objective, the has enacted a Business Facilitation Act for ensuring timely clearances and ease of doing business in the state", he said.

Pledging his government's "wholehearted support" to the Defence corridor project in the state, the said it would provide proper road connectivity, full power supply and other infrastructure requirements to it.

The project, envisioned by Nirmala Sitharaman, would connect Chennai, Hosur, Coimbatore, and

Hailing the Defence Procurement Policy announced by the Centre, Palaniswami said the policy combined with the of domestic companies had opened up new vistas in and in the country and in particular.

Noting that Tamil Nadu had the largest number of medium and small scale industries in the country, he said the MSMEs should come forward to take up large projects and programmes for defence forces, the DRDO, ISRO and other Central Defence public sector undertakings.

"The will readily support such moves by the MSME", he added.

Pointing out that the aircraft maintenance repair and overhauling (MRO) was also an important area in aerospace and defence sector, he said, the government was focusing on establishing an MRO complex in Chennai.

He invited reputed MRO operators to set up their operations in the state.

Palaniswami requested Modi to consider setting up a by for light combat aircraft and helicopters in and also establish a defence MRO in airbase. There were large number of aerospace and defence related companies in Tamil Nadu not only catering to defence public sector undertakings but also supplying their components to larger global companies, he added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, April 12 2018. 18:30 IST
RECOMMENDED FOR YOU