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Step up exports to meet USD 1 trillion economy by 2030: Tamil Nadu CM MK Stalin

Asserting that exports are very essential to attain financial development, Tamil Nadu Chief Minister M Okay Stalin on Wednesday known as upon the captains of industries to step up the exports by about $ 100 billion and meet the federal government’s bold goal of reaching $ one trillion greenback economic system by 2030.

At current, Tamil Nadu’s share on the export entrance stood at $ 26 billion and this needs to be elevated to $ 100 billion by 2030, he mentioned after presenting the FIEO Southern Region Export Excellence Awards. His authorities has already initiated a number of measures to achieve the target, he mentioned on the occasion held beneath the aegis of the Federation of Indian Export Organisations (FIEO).

“I had unveiled plans in September last year on export promotion and the government is taking several steps in this direction. To name some, efforts are on to establish a Knowledge City, State Export Promotion Committee, and International Furniture Park,” Stalin mentioned.

He gave away the FIEO awards within the presence of Industries Minister Thangam Thennarasu and MSME Minister T M Anbarasan. The occasion noticed the participation of prime enterprise leaders from varied industries and awards have been introduced in a number of classes, together with highest international alternate earner (prime exporter) in southern area, prime five-star exporter in southern area, prime four-star exporter in southern area, amongst others.


“I am happy to inform that during 2020-21 fiscal, Tamil Nadu stood third in the country by exporting to the tune of Rs 1.93 lakh crore, contributing 8.97 per cent to the nation’s overall exports. This share should be increased every year. This government’s desire and also my ambition is make Tamil Nadu first among Indian States in exports,” the Chief Minister mentioned.

“Exports are very crucial to achieve economic growth. Currently, the southern zone has a share of about 27 per cent in India’s exports. I am sure in five years, this will increase to 35 per cent,” the Chief Minister mentioned.

FIEO ought to make sure the Central authorities scheme of One District One Product (ODOP) is carried out in all of the districts in Tamil Nadu, he mentioned and identified that just about 24 of the State’s distinctive merchandise comparable to Thanjavur portray, Coimbatore’s Kota cotton saree, Kovilpatti’s peanut sweet, and Salem silk are awaiting geographical indication (GI) tag. These merchandise have good export potential, he added.

A Sakthivel, president, FIEO, and Israr Ahmed, FIEO’s regional chairman, have been amongst those that spoke.

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