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Modi govt has been quietly following the idea of Aatmanirbharta for the past seven years
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While the tagline Aatmanirbharta is new, the Centre has been quietly following the idea inherent in it since the first Modi government came to power in 2014. Sample this: the customs duties of 4,200 out of 11,524 tariff lines have been enhanced during the past seven years. Of these, 111 including in textiles, furniture, machinery, base metals, electronics, auto-parts and mobile phones were increased in the 2019-20 Budget
Agencies
If India hurriedly and rampantly curbs imports, the country’s ordinary consumers may have to bear the brunt of it.
New industrial policy puts more districts on investment map, not just Chennai
February 22, 2021
Neeraj Mittal, MD & CEO of Guidance Tamil Nadu×
Package gives more weightage for investments in southern TN and other industrially backward areas The new industrial policy of Tamil Nadu government has added more measures and incentives to ensure balanced industrial development across the State, says Neeraj Mittal, MD & CEO of Guidance Tamil Nadu, the State nodal agency for investment promotion.
Apart from being a manufacturing hub for automobiles, chemicals, petrochemicals, food processing and electronics, the State also has a strong base in software and IT services. The manufacturing sector contributes to about 25 per cent to the State economy. Also, in recent years, Tamil Nadu has been attracting investments in new segments – in what are called sunrise sectors.
Express News Service
CHENNAI: With Tamil Nadu’s new industrial policy likely to be unveiled this month, the State hopes to continue its remarkable run as a favourite destination for investors in the new world grappling with Covid-19. This year the State is planning to set up specialised industrial parks, including the medipark in Oragadam, `250 crore electric vehicle park in Manalur and a furniture park.
A top government official expressed hope that the State will remain the preferred investment destination. “The new policy will focus on sunrise sectors. More incentives for industries that invest in districts, which are industrially backward, are expected,” he added.
How Tamil Nadu has sustained industrial investment growth despite Covid-19
How Tamil Nadu has sustained industrial investment growth despite Covid-19 | India Today Insight
The state has been aggressively wooing business investments over the past year
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UPDATED: January 6, 2021 20:19 IST
Tamil Nadu Chief Minister E K Palaniswami at the 72nd birth anniversary celebrations of late AIADMK supremo J Jayalalithaa, February 24, 2020 (Phtoo by Jaison G)
Despite the Covid-19 pandemic, lockdown and other uncertainties, Tamil Nadu has swung mega ticket deals in various sectors through 2020 to live up to its image as a favourite investment destination. Even as the state heads into an election year, it has managed to bag huge investments with the government stepping up efforts to attract investments by forming committees under chief secretary K. Shanmugham and former RBI governor C. Rangarajan.