Friday, December 9, 2022

Tamil Nadu looks at $ 100 billion exports by 2030, signing MoUs worth Rs 2,120.54 crore

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The Tamil Nadu government on Wednesday signed a Memorandum of Understanding for 24 projects costing Rs 2,120.54 crore, and Prime Minister K Stalin said the government’s intention was to increase government exports to USD 100 billion by 2030.

The state office of the Micro Small and Medium Enterprises Trade and Investment Promotion Bureau (M-TIPB) has entered into a MoU with Flipkart / Walmart for e-commerce awareness among MSMEs in Tamil Nadu through a supplier development program.

The initiative aims to enhance the skills of MSMEs through in-depth training and support and equip them to grow their businesses and become part of local and global supply chains.

M-TIPB and The Indo German Chamber of Commerce have entered into a MoU for cooperation between MSMEs in German government and business. The MoU will facilitate communication, communication, technology cooperation programs and opportunities to export MSMEs to the government.

Presided over by Prime Minister Stalin, the opening of the Tamil Nadu Export Conclave, organized by government departments and central governments to showcase the power of Tamil Nadu abroad, was held here today.
The conference is part of a national event to mark the 75th anniversary of India’s independence (Azadi Ka Amrit Mahotsav).

As part of the event, Stalin released the Tamil Nadu Export Promotion Policy (TNEPP) and the MSME Exporters Handbook and opened the Export Exhibition, which featured 21 export sections, promotion centers and government departments.

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On behalf of the Department of Industry, 14 MoUs signed with 100% of Export Oriented Units, with a combined investment of Rs 1880.54 crore, which creates jobs for 39,150 people, means the official release here.
Another 10 MoUs have been signed on behalf of the MSME Department, with a net worth of $ 240 million, providing employment opportunities for 2,545 people.

In his speech, Stalin said: “We have set a target for Tamil Nadu for a trillion-dollar economy by 2030. To achieve this, state exports must be increased to 100 billion USD from the current 26 billion USD.”

To help achieve the goal, public and private companies must work together, he said.

The State will adopt a two-pronged approach to increasing export and export to achieve this goal, which is an important feature of TNEPP.

The government also plans to make two “Export Enclaves” in Manallore and Tuticorin with world-class export infrastructure, CM said.

The government has identified ten export centers and will strengthen the standard export infrastructure projects in these areas by reimbursing 25 per cent of the project cost, depending on the R10 million roof per hub.

The 10 identified areas are Chennai, Coimbatore, Hosur, Kancheepuram, Tirupur, Karur, Madurai, Ambur, Tuticorin and Pollachi, CM said.

Strategies have been developed to encourage the production of Special Package Incentives by retailers.

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These programs are part of TNEPP.

All regions produce several different products and to market them worldwide, export centers are set up in all regions.

Like the “Made in India” tag line, “Made in Tamil Nadu” should be cut short and “this is not just our wish, it is our goal and our journey will be focused on that goal,” he said.

With Rs 1.93 lakh exports, Tamil Nadu is India’s third largest exporter, and its share in exports is 8.97 percent (2020-21), Stalin said.

Citing figures related to the export sector from the government, including 58 percent and 45 percent of clothing and accessories and shoes respectively, Stalin said “we should not be satisfied with this victory, the export percentage should increase every year.”

Emphasizing the production of products that are cost-effective for export, he said electric vehicles, food processing and defense are some of the areas that need to gain momentum to increase Tamil Nadu’s export capacity.

As part of the government’s efforts to strengthen exports, a “Export Promotion Committee” will be established and the Secretary-General will lead the delegation, he said.

Stalin said the Project Monitoring Unit, a specialized organization, had been set up to monitor the export programs of MSMEs.

First in the country, the government of Tamil Nadu is establishing an “International Furniture Park” in Tuticorin, a move aimed at exporting and this will boost industrial growth in the southern regions of the state.

As a result of the cancellation of one percent of the cotton market and the disposal of cotton by his government, Stalin said, “I am pleased to announce that Cotton Corporation of India is now in the process of building cotton depots in Salem, Madurai, Coimbatore and Virudhunagar.”

In total, the investment made in 24 projects is Rs 2,120.54 crore and will create jobs for 41,695 people.

Investments cover a wide range of industries such as textiles, chemicals, IT / ITES, metal, leather, clothing and general manufacturing.

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Such investments will be made across the province in various places such as Chennai, Kanchipuram, Tirupathur, Krishnagiri, Madurai, Salem, Tiruchirappalli, Thanjavur, Thoothukudi, Dindigul and Tirunelveli.

Stalin also issued land allocation orders to the first two companies scheduled to move up to a special Polymer Park at nearby Ponneri to cater for the needs of the polymer sector.

The MSME Exporters Handbook has provided detailed information on the various export permits and procedures required for MSMEs.

The Ministers of Industry and Rural Industry, Thamangam Thennarasu, and T M Anbarasan respectively, Permanent Secretary V Irai Anbu, Additional Secretary, Union Trade Department, Sanjay Chadha and Director-General of Foreign Trade, Shamanuga Sundaram.

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