Madras Chamber to Focus on TN Industry 4.0 and Fintech Promotion: Official


The Madras Chamber of Commerce and Industry, an industry body over a century old, would focus on export promotion, Industry 4.0 and financial technology that would support the Tamil Nadu government’s vision of achieving a $1 trillion GSDP as proposed by Chief Minister MK Stalin, an official said. Saturday.

The Tamil Nadu government’s ambitious “Naan Mudhalvan Scheme” is a major step to break the barrier, said MCCI Chairman TR Kesavan.

According to him, the 186-year-old Chamber would publish a manual on regulatory compliance titled “Doing Business in Tamil Nadu” by working closely with the government to promote new investments.

“The state government has undertaken various initiatives such as allocating Rs 100 crore to improve export business infrastructure, establishing a knowledge city and issuing an export promotion strategy to make Tamil Nadu a leader among Indian states in export,” he said.

The focus is on sectors such as information technology, data centers, textiles, electric vehicle manufacturing, footwear as part of realizing the vision presented by Stalin, he said. he declares.

The State Gross Domestic Product (GSDP) of Tamil Nadu rebounded to 14.6% in FY22 and it is expected to grow by 14% in FY23, he said.

The state has embarked on a mission to achieve a GSDP of $1 trillion and exports of $300 billion by 2030. Tamil Nadu has attracted more than Rs 50,000 crore in business proposals. investment this year, he said.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


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