New Delhi:
Tamil Nadu is keen to secure investment to create high-end, high-value jobs to boost its economy, but any jobs and money coming to the state is also a win for the Indian economy, Industries Minister, TRB Raja told NDTV. World Economic Forum in Davos, Switzerland.
Strongly supporting foreign investors, he underlined Tamil Nadu’s position as the “manufacturing capital” of India and positioned it as an investment destination in line with best global practices. Tamil culture, characterized by flexibility, has a “special attraction for investors”, he said.
“We are very strong in the auto sector… in electronics and textiles. Our traditional strengths remain, but we would also like to master the life sciences… and we will be the first to look at equipment-manufacturing for semi-conductors. We’ve talked about the same area… we’re looking for high-end, high-value jobs.” he said, when asked about plans to boost Tamil Nadu’s economy.
However, while emphasizing Tamil Nadu’s status as the country’s “manufacturing capital” with over 40,000 factories, he also acknowledged the need to be “smart”, referring to ‘Lighthouse Factories’ – a WEF initiative that helps manufacturers Identifies “showing leadership in implementing 4IR (or technological progress in the ‘Fourth Industrial Revolution’) scale…”
It will “improve financial, operational and sustainability initiatives at every step by transforming factories, value chains and business models”, the WEF said.
Mr Raja also spoke about climate change, acknowledging that Tamil Nadu as a coastal state is “keenly watching climate change and its impact on the economy”, as well as wildlife conservation, protection of mangroves and forest cover. Working towards similar objectives like expansion. cover.
The Government of Tamil Nadu as well as other Indian states have also set up pavilions at Davos this year to attract investments. This is in addition to the pavilions established by the Government of India.
On overall expectations from Davos, he said, “We are looking for new beginnings. Tamil Nadu has been a very regular at Davos and we are seeing many policy initiatives and new roadmaps for the world economy and industries around the world.” In Davos.”
(TagstoTranslate)TRB Raja