STOCK MARKET BSE NSE

‘Tamil Nadu to be top mobile production hub’

The State government will attract the companies that exit from China. At the second edition of Global Investors Meet in 2019, 304 companies had signed agreements with State.

Published: 30th November 2020 03:18 AM  |   Last Updated: 30th November 2020 03:18 AM   |  A+A-

MC Sampath

Tamil Nadu Industries Minister M C Sampath (File Photo | EPS)

By Express News Service

KRISHNAGIRI: The State government is working to bring Tamil Nadu among the top ten mobile manufacturing hubs of the world, said Minister for Industries M C Sampath in Hosur on Sunday.

After inaugurating an office for Hosur Small and Tiny Industries Association (HOSTIA) in Hosur, the minister told reporters that the State has many handset manufacturing companies such as Foxconn, Nokia and others. “BYD, another electronics company, will start its operation in an year.

The State government will attract the companies that exit from China. At the second edition of Global Investors Meet in 2019, 304 companies had signed agreements with State. The companies are intended to invest a cumulative amount of Rs 3,00,431 crore. Of the 304 firms, 52 have already begun operations. The remaining companies will soon follow,” the minister said.

During the inauguration ceremony, Sampath said, “Our industrial policies attract the investors. In the past five years, Tamil Nadu is the only state that has introduced IT Policy (revised), e-Vehicle Policy, Aerospace and Defence Policy, Electronic and Hardware Manufacturing Policy and the like.”

Speaking at the programme, Joint Secretary of Tamil Nadu Small and Tiny Industries Association V Gnanasekaran sought for Entrepreneurs Welfare Board in the State. Collector Dr V Jaya Chandra Bhanu Reddy and HOSTIA President K Velmurugan among others attended the programme.



Comments(1)

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

  • vivek veeramani

    It looks like "china" was included in the article just to attract eyeballs. BYD itself is a chinese company.
    1 month ago reply
flipboard facebook twitter whatsapp