Tamil Nadu, which is one of the forerunners in industrial development in the country, is one of the leading states in electronics hardware manufacturing as well as software development and services in India. While electronics hardware is the fastest growing industries in India, estimated at $127 billion now and projected to touch $400 billion by the year 2025, Tamil Nadu with its Electronics Hardware Manufacturing policy will enhance its share in the segment in the next few years, said Minister for Revenue, Disaster Management and IT, R B Udhayakumar.
Speaking at a virtual conference on the 11th Source India Supply Chain event, the minister said that the new policy, unveiled by the Chief Minister at the two day conference of the Electronic Industries Association of India, aims at enhancing the production of electronics goods in the state.
“Tamil Nadu has an ambitious target to reach the 20% target of India’s electronics exports. Healthy and steady economic indicators put Tamil Nadu on the global business map. Our prowess in electronic hardware coupled with the availability of manpower showed that there was a bright future for this industry in the state,” Udhayakumar said.
He said, the Covid-19 pandemic had made many countries like Japan and South Korea to think of shifting their operations out of China. The US trade war too had hastened the process earlier for these countries to look for alternative base for manufacturing. It was an opportunity that awaited India. The Make in India policies, large availability of work spaces and man power made India the natural choice for these operations, the minister said.-The Times Of India