State's new Aerospace & Defence Industrial Policy 2022 was released by Hon'ble CM of Tamil Nadu Thiru. MK Stalin in Conclave at Industry 4.0 event on 11 November 2022 .
The Policy aims to attract nearly ₹75,000 Cr worth of investments in the sector and create 1 lakh jobs over the next decade.
Tamil Nadu Defence Industrial Corridor aims to bolster interaction between all industry players in order to create long-term synergy and eventually develop Tamil Nadu into a defence production powerhouse.
To attract investments in the A&D sector in Tamil Nadu, the State Government has come up with a renewed A&D policy which will provide various incentives and subsidies to the A&D industries investing in the State.
Investments are categorized into four types namely, Sub-large, Large, Mega and Ultra Mega investments according to the investment sizes to provide following key incentives and subsidies to the A&D industries
During a Conclave on Industry 4.0 -- ‘Future is Now - Towering Tamil Nadu’ held at TIDEL Park in Chennai, Mr. Stalin also inaugurated two Centres of Excellence — the Tamil Nadu Smart and Advanced Manufacturing Centre (TANSAM) and the Tamil Nadu Advanced Manufacturing Centre of Excellence (TAMCOE).
The Tamil Nadu Aerospace and Defence Industrial Policy, 2022, released by Chief Minister M.K. Stalin in Chennai aims to attract investments to the tune of over ₹75,000 crore into the State and provide employment to over 1 lakh people over the next 10 years. While TANSAM is a collaboration between the Tamil Nadu Industrial Development Corporation (TIDCO) and M/s. Siemens established at a cost of ₹251.54 crore, TAMCOE is TIDCO’s collaboration with GE Aviation established at a cost of ₹141 crore, according to an official release.
Mr. Stalin also virtually inaugurated two Remote Pilot Training Organizations in Madurai and Coimbatore that have been set up as a result of TIDCO’s collaboration with the Indira Gandhi Rashtriya Uran Academi (IGRUA) and DE Drone
TANCAM also signed Memoranda of Understanding (MoU) with Accurate Forgings, Hexsor, ADROITS, AIEMA, HOSTIA, AMET, Karpagam Group, Hindustan Group of Institutions, Sriher (Sri Ramachandra), while TAMCOE signed MoUs with Fabheads, MaxByte and Primeam -- in the presence of the Chief Minister.
TIDCO also signed an MoU with GTN for the setting up of a Common Testing Facility to help in various experiments and processes in the aerospace and defence sectors. TIDCO also signed an MoU with IGRUA and DE Drone for training drone pilots.
During his speech, Mr. Stalin said Tamil Nadu needed to be in the forefront both in manufacturing and the services sectors, which was necessary for the Dravidian model of inclusive growth. Minister for Industries, Investment Promotion and Commerce, Thangam Thennarasu and senior officials were also present.
Ragul Senthil https://www.linkedin.com/in/ragulms