Tamil Nadu has been preparing Aerospace and Defence Industrial Policy since 2015 and it is likely that the policy will be unveiled during the second edition of the Global Investors Meet set to kick-off here on Wednesday.
It is learnt that the state has been targeting an investment of more than $10 billion in aerospace and defence manufacturing in five to 10 years besides generating jobs for one lakh people in the state.
Sources said that the idea is to create an end-to-end ecosystem for aerospace sector development covering design, engineering and manufacturing of aircraft for the civil and defence sector.
The plan is also to attract original equipment manufacturers and Tier-1 suppliers and India majors as anchor units in State by providing required facilities and support at competitive rates. Read More