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TN makes a bike every 6 seconds, says Minister
Replying to the debate on demand for grants in the state Assembly, state Industries Minister MC Sampath on Thursday said that the state has a cluster of 10 vehicle manufacturing centers, which house auto majors like Ford, Hyundai, Renault Nissan, BMW and Mitsubishi.
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Chennai
Claiming that 10.89 lakh cars, 31.84 lakh two wheelers and 1.31 lakh heavy vehicles were manufactured in the state in 2017-18, Sampath informed the House that the state produces a bike every six seconds, while a car and heavy vehicle is manufactured in 20 seconds and 2 minutes respectively.
Bringing the statistics released by department of industrial policy and promotion of the Centre to his aid, the Industries Minister said the state recorded a threefold jump in FDI (foreign direct investment) in the last seven years. The state has attracted FDI to the tune of Rs 1.18 lakh crore during 2011-17 period, against the Rs 33,024 crore in 2000-2011 period, the Minister added.
MSME ALLOCATION HIGHLIGHTS
- 2 crore to reimburse (maximum Rs 1 lakh) MSMEs applying for international certifications like ISO9001/ISO14001/HACCP/BIS/ ZED.
- 5 crore to set up a Coir firm under Scheme of Fund for Regeneration of Traditional Industries in Tiruvarur district.
- 40 lakh to develop road and drainages in Cooperative Industrial Estate in Vyasarpadi.
- 18 lakh to procure nine sewing machines for industrial cooperative unions to manufacture 40 and 42 inch vests for women in Tamil Nadu Special Police.
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