Tamil Nadu eyeing investments worth $15 billion in aerospace defence, reveals Nirmala Sitharaman at Global Investors Meet
6 years, 2 months ago

Tamil Nadu eyeing investments worth $15 billion in aerospace defence, reveals Nirmala Sitharaman at Global Investors Meet

Firstpost  

The Tamil Nadu government is eyeing investments worth $ 15 billion in the aerospace and defence sectors in the next 15 years to make the state a preferred hub for the two industries, revealed in the aerospace and defence policy unveiled by Defence Minister Nirmala Sitharaman at the Global Investors Meet. Chennai: The Tamil Nadu government is eyeing investments worth $ 15 billion in the aerospace and defence sectors in the next 15 years to make the state a preferred hub for the two industries. Besides boosting the aerospace and defence industries, the policy would also harness Tamil Nadu’s strengths in the automotive manufacturing sector. Through government agencies like Tamil Nadu Industrial Government Corporation and SIPCOT, “aerospace and defence parks” based on requirement with adequate infrastructure would be established in the State.

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History of this topic

Kerala must launch it’s own satellites; aerospace, aviation, defence can grow to $30 billion industry
1 month ago

Kerala must launch it’s own satellites; aerospace, aviation, defence can grow to $30 billion industry

The Hindu  

Kerala’s defence, aviation, and aerospace industry has the prospects of growing to a $30 billion industry by 2047, according to speakers at the Invest Kerala Global Summit here on Saturday. The growth of these industries to achieve the target is aided by the already increasing cooperation between the defence research institutions in the country and institutions like Keltron, HMT unit …

US and India to explore further advancements in defence innovation: US Consul General
6 months, 2 weeks ago

US and India to explore further advancements in defence innovation: US Consul General

New Indian Express  

BENGALURU: BENGALURU: To advance cooperation in space, the US and India are preparing to launch the NISAR satellite, a collaborative project between National Aeronautics and Space Administration and Indian Space Research Organisation. Speaking with TNIE, US Consul General in Chennai, Chris Hodges, mentioned that in the defence sector, an innovation summit that commenced on September 9 in the Silicon Valley …

Budget 2024: Nirmala Sitharaman announces Rs 1,000 crore fund to boost space economy
8 months ago

Budget 2024: Nirmala Sitharaman announces Rs 1,000 crore fund to boost space economy

India Today  

Finance Minister Nirmala Sitharaman on Tuesday unveiled an ambitious plan to expand India's space economy fivefold over the next decade, marking a significant leap in the country's space aspirations. In a bold move to propel India's space sector forward, Sitharaman announced the establishment of a Rs 1000 crore venture capital fund dedicated to fostering growth and innovation in space technology. …

Govt has made policies to make India attractive for investment: Nirmala Sitharaman
11 months, 1 week ago

Govt has made policies to make India attractive for investment: Nirmala Sitharaman

Hindustan Times  

After American tech billionaire Elon Musk postponed his India visit due to his “heavy obligations” at work, Union finance minister Nirmala Sitharaman said the government has tailored policies to make India an attractive hub for manufacturing and services, especially in the light of industries expressing concerns about China. Especially after China Plus One started being a concern for many industries…we …

Four years on, no big ticket investment yet in Tiruchi as part of defence corridor project
1 year, 3 months ago

Four years on, no big ticket investment yet in Tiruchi as part of defence corridor project

The Hindu  

Four years have gone by since the launch of the Tamil Nadu Industrial Defence Corridor project. It was with the view of encouraging entrepreneurs to scale up their contribution to domestic Defence production that the then Defence Minister Nirmala Sitharaman launched the Tamil Nadu Industrial Defence Corridor Project in Tiruchi in 2019. Taking into account the contribution of Micro, Small …

Karnataka sets defence exports target of ₹25,000 crore by 2025
1 year, 6 months ago

Karnataka sets defence exports target of ₹25,000 crore by 2025

The Hindu  

Karnataka has set an ambitious target to nearly double its defence exports to ₹25,000 crore by 2025, said Large and Medium Industries Minister M.B. Speaking at the 36th National Convention of Aerospace Engineers and National Seminar on “SPACE - Boundless Opportunities”, hosted by the Karnataka State Centre of the Institution of Engineers, he said the State was also aiming to …

TN attracts ₹4,900 crore Defence sector investments
1 year, 10 months ago

TN attracts ₹4,900 crore Defence sector investments

The Hindu  

Tamil Nadu saw ₹4,900 crore investment in aerospace and Defence sectors in the last two years and the committed investment is ₹15,000 crore, said B. Krishnamoorthy, special secretary and project director of TIDCO. Speaking at a programme here on Thursday on “Accelerating Defence and Aerospace Industry in Tamil Nadu Defence Corridor”, he said the State is looking at creating infrastructure …

Nirmala Sitharaman on Economic Package: Centre hikes FDI in defence, allows commercial mining of coal, opens space sector for private players in 4th tranche; key takeaways
4 years, 10 months ago

Nirmala Sitharaman on Economic Package: Centre hikes FDI in defence, allows commercial mining of coal, opens space sector for private players in 4th tranche; key takeaways

Firstpost  

Finance Minister Nirmala Sitharaman Saturday announced a slew of reforms in eight sectors such as allowing commercial mining of coal, raising FDI limit in defence prodcution, privatisation of power discoms in the UTs to opening up more air space of civil aviation, and the space sector among others as part of Centre’s Rs 20-lakh-crore stimulus package to kick-start the economy …

Tamil Nadu says deals worth over ₹3 trillion signed at global investors’ meet
6 years, 2 months ago

Tamil Nadu says deals worth over ₹3 trillion signed at global investors’ meet

Live Mint  

The Tamil Nadu government on Thursday announced that it had signed agreements amounting to more than ₹3 trillion during the second edition of the two-day Global Investors Meet. The investments would generate employment opportunities for 10,50,000 youth,” said chief minister Edappdi K. Palaniswami at the valedictory event of the investors’ meet in Chennai on Thursday. Chennai Petroleum Corporation Ltd, which …

Tamil Nadu’s 2nd edition of global investors meet to begin Wednesday
6 years, 2 months ago

Tamil Nadu’s 2nd edition of global investors meet to begin Wednesday

Live Mint  

The second edition of Tamil Nadu’s Global Investors Meet that is expected to have a special focus on the aerospace and defence sectors is all set to begin on Wednesday. On Friday, ahead of the GIM, the government cleared a slew of industry-friendly measures including the new Tamil Nadu start-up and innovation policy. On Sunday, just ahead of the GIM, …

Tamil Nadu formulating aviation, defence policies; will benefit corporates wishing to invest in state
7 years, 9 months ago

Tamil Nadu formulating aviation, defence policies; will benefit corporates wishing to invest in state

Firstpost  

Tamil Nadu would soon come out with a aerospace and defence policy aimed at benefitting companies planning to invest in these two sectors, chief minister K Palaniswami said on Saturday Chennai: Tamil Nadu would soon come out with a aerospace and defence policy aimed at benefitting companies planning to invest in these two sectors, chief minister K Palaniswami said on …

Jayalalithaa woos investors, targets $250 billion investment in infrastructure
9 years, 6 months ago

Jayalalithaa woos investors, targets $250 billion investment in infrastructure

Firstpost  

Inviting global investors to take advantage of industry-friendly policies of Tamil Nadu, Chief Minister Jayalalithaa on Wednesday said the state had set an investment target of $250 billion in the infrastructure sector in the coming years. Chennai: Inviting global investors to take advantage of industry-friendly policies of Tamil Nadu, Chief Minister Jayalalithaa on Wednesday said the state had set an …

Jayalalithaa envisions larger role for herself, Tamil Nadu
11 years, 1 month ago

Jayalalithaa envisions larger role for herself, Tamil Nadu

The Hindu  

Dropping a broad hint of her readiness to play a major role in national politics, Chief Minister Jayalalithaa on Friday said she has a vision for India in which Tamil Nadu will play a key role. The All India Anna Dravida Munnetra Kazhagam leader, whose name is making rounds as a possible prime ministerial candidate, revealed her vision for a …

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