Tamil Nadu has been the biggest beneficiary underneath the PLI- scheme in electronics, digital components and cars. Out of the 27 firms which have obtained approval from the Centre, 7 are primarily based out of Tamil Nadu,” the Union Minister of Finance and Company Affairs famous.
Union Finance Minister Nirmala Sitharaman just lately highlighted Tamil Nadu’s important good points from the Manufacturing-Linked Incentive (PLI) scheme, notably within the electronics and car sectors. Addressing an occasion organized by the Chennai Residents’ Discussion board, she emphasised that Tamil Nadu has emerged as a key beneficiary underneath this central authorities initiative.
Key Highlights:
Electronics Sector: Tamil Nadu stands as the biggest beneficiary underneath the PLI scheme for electronics and digital elements. Out of 27 firms permitted nationwide, 7 are primarily based in Tamil Nadu, accounting for about 25% of the beneficiaries.
Car Sector: The state ranks because the second-largest recipient within the car and auto element manufacturing sector. Of the 82 permitted functions underneath this phase, 46 are from Tamil Nadu.
Superior Chemistry Cell Battery Manufacturing: Tamil Nadu has secured approval for 4 corporations underneath the PLI scheme devoted to superior chemistry cell battery manufacturing.
Electronics Manufacturing Clusters: The state hosts considered one of India’s two main digital components manufacturing clusters, with an allocation of ₹1,100 crore for its growth.
Infrastructure Improvement: Tamil Nadu has added roughly 1,303 km of latest railway strains, with 2,242 km electrified. The Chennai Metro’s Part 2 growth, masking 54 km and costing ₹63,046 crore, has obtained approval, with 60% funding from the Union authorities.
Sitharaman additionally addressed claims suggesting that the Centre has uncared for Tamil Nadu when it comes to funding, stating that such arguments are deceptive. She underscored the state’s substantial advantages from numerous central schemes and sector-specific initiatives over the previous decade.
These developments underscore Tamil Nadu’s pivotal function in India’s industrial and infrastructural development, reflecting the state’s strategic significance in nationwide growth initiatives.
