CII hails Jaya’s move to generate one lakh jobs

Chennai:

The industry has welcomed the announcement by Chief minister J Jayalalithaa in the assembly that the state government would sign memorandum of understanding worth Rs 20,925 crore which has a potential to provide direct employment to over 36000 people and an indirect employment to more than a lakh people in the State.

R Dinesh, Chairman, CII Tamil Nadu State Council said that this announcement made by the Chief Minister in the assembly was a landmark initiative which would give a boost to the manufacturing sector in Tamil Nadu.

He also urged the chief minister to consider forming a State Level Tamil Nadu Manufacturing Competitiveness Council to provide further impetus to the initiatives of the government in the manufacturing sector.

According to the Vision 2023 document of the Government of Tamil Nadu, the contribution of manufacturing sector to the State Gross Domestic Product (SGDP) was 16.5 per cent in 2010-11 and is estimated to grow at 22 per cent by 2022-23.  

With this major announcement of investment projects, besides other policy initiatives of the State Government, Tamil Nadu is well placed to achieve an economic growth of over 11 per cent in the next 10 years with a substantial contribution from manufacturing sector, said Dinesh.