Steps taken to attract investments worth Rs 45,000 cr: TN govt
The Tamil Nadu government has taken steps to attract investments worth Rs 45,000 crore in various sectors, state Industries Minister M C Sampath said today.
In his inaugural address at the three-day Surface and Coating Expo, organised here by trade body CII, Sampath said Tamil Nadu, with a GDP of 8.03 per cent in 2017-18, was one of the top three industrialised states in the country.
"The state is the largest hub for production of automobiles and auto-components, electronic hardware, engineering and textiles and the government has taken steps to attract Rs 45,000 crore worth of investments...", he said.
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Chairman and chief executive of Heavy Water Board, an industrial unit of the Department of Atomic Energy, U Kamachi Mudali said the paints and coating industry has a business of USD 152 billion in the global market and this was expected to reach USD 175 billion by 2022.
"Forty per cent of the business is in Asia-Pacic where China and India are the major contributors," he said.
The exposition focuses on the latest trends, innovations, research and development and serves as a platform to various stakeholders to learn the best practices and deliberate on the opportunities to build a strong growth trajectory for the sector.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)