Increase exports to reach a $1 trillion economy by 2030

Increase exports to reach a $1 trillion economy by 2030

”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 said. He gave away the FIEO awards in the presence of Industries Minister Thangam Thennarasu and MSME Minister T M Anbarasan. The event saw the participation of top business leaders from various industries and awards presented in multiple categories, including the highest foreign exchange earner (top exporter) in the southern region, top five-star exporter in the southern region, and top four-star exporter in the southern region, among others.

Tamil Nadu Chief Minister M K Stalin on Wednesday emphasised the importance of exports in achieving economic growth and urged industry leaders to increase exports by roughly $100 billion to accomplish the government’s ambitious goal of achieving a one trillion dollar GDP by 2030. He said after delivering the FIEO Southern Region Export Excellence Awards here that Tamil Nadu’s export share is currently $ 26 billion and could be doubled to $ 100 billion by 2030. He remarked at an event organised by the Federation of Indian Export Organizations that his government has already taken many steps to achieve the goal (FIEO).

”I am happy to inform you that during the 2020-21 fiscal, Tamil Nadu stood third in the country by exporting to the tune of Rs 1.93 lakh crore, contributing 8.97 percent to the nation’s overall exports. This share should be increased every year. This government’s desire and also my ambition is to make Tamil Nadu first among the Indian States in exports,” the Chief Minister said. ”Exports are very crucial to achieve economic growth. Currently, the southern zone has a share of about 27 percent of India’s exports. I am sure in five years, this will increase to 35 percent,” the Chief Minister said.

FIEO should ensure the Central government scheme of One District One Product (ODOP) is implemented in all the districts in Tamil Nadu, he said and pointed out that nearly 24 of the State’s unique products such as Thanjavur painting, Coimbatore’s Kota cotton saree, Kovilpatti’s peanut candy, and Salem silk are awaiting geographical indication (GI) tag. These products have good export potential, he added. A Sakthivel, President, of FIEO, and Israr Ahmed, FIEO’s regional chairman, were among those who spoke.

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