At a time when Tamil Nadu has seen the closure of the Ford India unit, state Industries Minister Thangam Thennarasu said the state was expected to see investment worth around Rs 35 trillion by 2030 and had got projects of about Rs 20,000 crore since the new government took charge in May.
Soon after the closure of the Ford plant, the state government had assured all it would take steps to ensure that around 2,600 employees were not affected by the company’s move. Stating that a suitable decision in this regard will come from Stalin, Thennarasu said: “The matter is now under consideration at the chief minister’s level. He is monitoring it.”
The minister said the state was keen on investment in the electric vehicle segment.
Chennai is a base of 30 per cent of the country’s automobile industry and 35 per cent of the automobile component segment. The state is also in the process of setting up a dedicated EV park at Manalur near Chennai.
He said to ensure that the industrial sector and exports were not affected by a third wave, vaccination was given to the sectors on priority. “We had given focus to industry for vaccination and is now covered. Because of this, industrial activity is insulated from the pandemic,” he said.
The state has a long-term road map of becoming a $1-trillion economy by quadrupling its exports in the next nine years.
