Tamil Nadu committed to supporting aerospace and petrochemicals sectors


CHENNAI, 6 November 2019: Thiru. M.C. Sampath, Minister for Industries, Steel Control, and Special Initiatives, Government of Tamil Nadu, said that conscious development in the auto manufacturing ecosystem has yielded desired results to make Tamil Nadu the manufacturing hub of India, and a similar trend is emerging in the aerospace sector.

“The Tamil Nadu government is committed to supporting the aerospace sector through specific plans and policies and creating an integrated ecosystem for the growth of the aerospace sector,” he said while addressing the National Executive Committee Meeting (NECM) of the Federation of Indian Chambers of Commerce and Industry (FICCI) in Chennai. FICCI President Mr. Sandip Somany, in his welcome address, said, “Investment promotion requires continuous efforts and FICCI with its membership base, strong networking, intellectual capabilities and the experience of doing similar investment promotion activities for various states, could add a lot of value to this exercise. FICCI would be happy to work shoulder to shoulder with the state government in these endeavours to take the development process of Tamil Nadu to the next level.” Ms. V. Kavitha Dutt, Chairperson, FICCI Tamil Nadu State Council, delivered a vote of thanks to conclude the session.

At the panel discussion on New ways of doing business, Mr.Venky Rajagopal, CMD Indian Terrain Fashions Ltd, said that the future of Business is driven by artificial intelligence and other computer oriented norms as the modern day retail sale mostly depends on new and emerging technologies at the global level. He also cited the ways how Amazon and others are disrupting the way we do our business. Mr.N K Ranganath, MD, Grundfos Pumps India P Ltd, said that today’s business environment is very challenging as one has to meet the competitive nature of quick decision making and quality control. He also noted that the physical world is meeting the virtual world and both are impacting the business surrounded by all types of gadgets coming out in the modern world.

Shri S Gurumurthy, Economic Expert & Eminent Journalist, deplored that there is no India- centric thinking making the country for the current economic low down. He also said that India needs a proper think tank for economic development and a prudential norm fixation regulator for sustained progress. He further said that in the name of discipline, the country has inherited crisis after crisis since the RBI is made to listen to the government in one way or the other. He noted there is no uniform development policy for any country and India can follow a policy of its own based on its veritable culture and ground situation.


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