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Exports to catapult TN to trillion-dollar economy by 2030, Chief Minister

- May 11, 2022

Chennai, May 11 (BPNS)

Tamil Nadu Chief Minister, M.K. Stalin said that the state has the potential to increase its share of exports manifold and that exports would catapult the state to a trillion-dollar economy by 2030. He said that exports from the state would touch 100 billion US dollars from the present 26 billion US dollars by 2030.

Stalin was addressing at the Southern Region Export Excellence award function organized by the Federation of Indian Exports Organisation here on Wednesday.

He said that in 2020-21 Tamil Nadu accounted for Rs 1.93 lakh crore or 8.97% of India’s exports and was third among the states in the country. Stalin said,” Our goal is to increase the export share from the state every year.”

The Chief Minister listed a slew of industry-friendly measures taken up by his government including the Rs 100 crore allocation for strengthening the export infrastructure, formation of a knowledge city, and the constitution of the State Export Promotion Council as the reason behind the increase in exports from the state.  He also said that the share of exports from Southern region of the country to increase from the present 26 percent to 35 percent in the coming five years and expected the state of Tamil Nadu to play a significant role in this growth.

Chief Minister presented awards in multiple categories with the minister for Industries Thangam Thenarasu and Minister for Micro, Small, and Medium Enterprises, T.M. Anbarasan participating in the function.