Industries minister M C Sampath on Friday said the state government was all set to bring in a new policy for defence and aerospace sectors that would facilitate start-ups in these sectors to come up in Tamil Nadu.
According to TOI, he said that the policy is currently in the draft stage and it will be released within two months.
Sampath was in Mallur here to attend an award function organised by Aerospace Engineering Pvt Ltd., a Salem-based aerospace engineering company.
Sampath said the state government, along with the State Industries Development Corporation (SIDCO), was working on the aerospace park at Vallam Vadagal near Sriperumbudur. To be set up on 267 acres of land, the government has allocated Rs 40 crore for the infrastructure facilities. “So far, 13 companies have expressed their interest to set up industries in the park,” he said. The minister said the park would also feature centralised aircraft advance computing design engineering centre, which is estimated to cost 400 crore.
Referring to the industrial corridor to be set up in south TN, Sampath said it would create a lot job opportunities, besides paving way for industries to mushroom. The corridor will be set up on 20,000 acres between Madurai and Tuticorin connecting nine southern districts, including Tirunelveli, Virudhunagar and Theni.
