The government of Tamil Nadu has inked memoranda of understanding (MoUs) for 24 projects worth Rs 2,120.54 crore. The government’s goal is to increase the state’s exports to USD 100 billion by 2030.
The state government’s Micro Small and Medium Enterprises Trade and Investment Promotion Bureau (M-TIPB) entered into an MoU with Flipkart/Walmart for promotion of e-commerce among MSMEs in Tamil Nadu through a supplier development programme.
This initiative envisages expanding capabilities of MSMEs through intensive training and support and equip them to scale up their businesses and become part of domestic and global supply chains.
M-TIPB and the Indo German Chamber of Commerce entered an MoU for collaboration between MSMEs in the state and businesses in Germany. The MoU will facilitate linkages, interaction, technology collaboration programmes and export opportunities for MSMEs in the state.
The conclave is part of nationwide events to commemorate the 75th anniversary of Indian Independence (Azadi Ka Amrit Mahotsav).
As part of the event, Stalin released Tamil Nadu Exports Promotion Policy (TNEPP) and MSME Exporters Handbook and inaugurated an Export Exhibition, which saw participation of 21 export units, export promotion centres and government departments.
On behalf of the Industries Department, 14 MoUs were signed with 100 percent Export Oriented Units, with a cumulative investment of Rs 1,880.54 crore, creating employment opportunities for 39,150 persons.
Another 10 MoUs were signed on behalf of the MSME Department, with a cumulative investment of Rs 240 crore, providing employment opportunities for 2,545 persons.
The state will adopt a two-pronged approach of export promotion and export diversification to achieve this objective, a key aspect of the TNEPP.
The government has identified 10 export hubs and would strengthen export related common infrastructure projects in these places by reimbursing 25 percent of the project cost, subject to a ceiling of Rs 10 crore per hub.
The 10 identified locations are Chennai, Coimbatore, Hosur, Kancheepuram, Tirupur, Karur, Madurai, Ambur, Tuticorin and Pollachi.
Schemes have also been formulated to incentivise production of value-added products (Special Package Incentives) by exporters. Every district produces several unique products and to market them globally, Export Centres are being set up in every district.
A Project Monitoring Unit, an exclusive body, has been set up to monitor export schemes of MSMEs.
In total, investments committed in 24 projects are Rs 2,120.54 crore and will bring employment opportunities to 41,695 people. The investments cover various sectors like textiles, chemicals, IT / ITES, steel, leather, apparels and general manufacturing.
Such investments will be made across the state in various locations like Chennai, Kanchipuram, Tirupathur, Krishnagiri, Madurai, Salem, Tiruchirappalli, Thanjavur, Thoothukudi, Dindigul and Tirunelveli districts.
The government also issued land allotment orders for the first two companies that are set to come up in an exclusive Polymer Park at nearby Ponneri to cater to the needs of the polymer industry.