Chennai, Dec 2 (KNN) The Tamil Nadu government is planning to bring in new policies and revise the existing policies to nurture the web3 ecosystem, said state Information technology minister Mano Thangaraj on Wednesday.

Addressing the Tech Next 2022 - Future of Tech Web 3.0 conference organised by the Confederation of Indian Industries (CII), Thangaraj said “the Tamil Nadu government is exploring the possibilities of bringing in policies aligned to support startups and the overall technology ecosystem.”

The primary aim will be to connect start-ups working in emerging and deep tech areas with the academic network of more than 570+ engineering colleges, and engage with researchers and industry partners to spur innovation.

"Tamil Nadu is the SaaS (software as a service) capital of India and we are far ahead of other cities in the country. Madurai for instance saw a 30 per cent digital growth and it is the same for Coimbatore when compared to last year,” he said.

 “We have initiated interactions with the information technology (IT) sector and academia to bring in the necessary change in the sector,” he said.

Thangaraj, on the occasion, also released a report titled 'Metaverse and Web 3.0 opportunities in India - Nurturing Tamil Nadu's growth ambitions through next technologies' in association with KPMG.  (KNN Bureau)