Tamil Nadu announced its new industrial policy to provide further fillip to the industrial growth in the State by attracting more investments. Tamil Nadu Industrial Policy 2021-2025, which was unveiled by the State Chief Minister aims to achieve four key objectives — to attract investments worth over ₹10-lakh crore ($135 billion) by 2025, achieve annual growth rate of 15 per cent in the manufacturing sector during the policy period, increase contribution of manufacturing sector to 30 per cent of the State’s economy by 2030 (currently 25 per cent), and create employment opportunities for about 20 lakh people by 2025. The vision of the new industrial policy is to make Tamil Nadu a numero uno destination to invest, innovate and create products and associated services.
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