New Delhi:
Tamil Nadu is keen to secure investments to create high-quality, high-value jobs to boost the economy, but all the jobs and money coming into the state are also a win for the Indian economy, Industries Minister TRB Rajaa told Our on the World Economic Forum in Davos, Switzerland.
In a strong speech to foreign investors, he underlined Tamil Nadu's position as India's 'manufacturing capital' and upheld the country as an investment destination in line with best global practices. Tamil culture, characterized by resilience, has a “special appeal to investors,” he said.
“We are very strong in the automotive sector… in electronics and textiles. Our traditional strengths remain, but we would also like to crack the life sciences… and we have already talked about manufacturing equipment for the semiconductor industry. sector. In short… we are interested in high-quality, high-value jobs,” he said when asked about plans to grow Tamil Nadu's economy.
However, while highlighting Tamil Nadu's position as the country's 'manufacturing capital' with over 40,000 factories, he also acknowledged the need to be 'smarter', referring to 'lighthouse factories' – a WEF initiative that identifies manufacturers who ' demonstrate leadership in applying 4IR (or technological advancement towards the 'fourth industrial revolution') at scale…”
This, the WEF has said, will “drive step-changing financial, operational and sustainability improvements by transforming factories, value chains and business models”.
Mr. Rajaa also spoke about climate change and admitted that as a coastal state, Tamil Nadu is “looking keenly at climate change and its impact on the economy,” and is working towards similar goals such as wildlife conservation, mangrove protection and expansion of forests. cover.
The government of Tamil Nadu, as well as those of other Indian states, has set up pavilions in Davos this year to attract investments. This is in addition to the pavilions set up by the Indian government.
On the overall expectations from Davos, he said, “We are looking for a new beginning. Tamil Nadu has been to Davos very regularly and we have seen many policy initiatives and new roadmaps for the global economy and industries around the world being drawn up in Davos .”