TN govt join hands with World Economic Forum to set up Centre for Manufacturing in state

Chennai, Apr 8 (KNN) The Tamil Nadu government has decided to set up a Centre for Manufacturing in partnership with the World Economic Forum, state’s Industries minister Thangam Thennarasu said.

The Industries minister informed the state Assembly on Thursday that the centre is likely to be operational by January 2024, before the Tamil Nadu Global Investors Meet. 

As per reports, Guidance, Tamil Nadu’s nodal agency for investment promotion and single window facilitation, will act as the operational arm of the Forum’s Advanced Manufacturing Value Chain (AMVC) platform. 

Giving details in the assembly, Thennarasu said that Tamil Nadu Industrial Development Corporation (TIDCO) will be setting up a 250-acre strategic electronics and defence industrial park at Karani in Thiruvallur district, with an investment of Rs 100 crore which will provide jobs to about 3,000 people. 

He said that the industrial sector in Tamil Nadu is growing constantly and is estimated to reach about Rs 8 lakh crore and Rs 20,000 crore respectively by 2026. 

TIDCO will also establish world-class test facilities for strategic electronics and unmanned aerial services at Vallam Vadagal. 

The strategic electronics and drone industrial park and the proposed test centres at Vallam Vadagal will help in attracting firms to TN defence industrial corridor.

The industries minister further informed that TICEL innovation hub will be developed at a cost of Rs 10 crore at TICEL Biopark Limited in Chennai and Coimbatore. 

The government is developing a Tidel park at Panjappur in Tiruchy district at a cost of Rs 600 crore on 10 lakh square feet.  (KNN Bureau)