TN tops in Niti Aayog's Export Preparedness Index 2022

CHENNAI:
Tamil Nadu is ranked as top state in the Niti Aayog's Export Preparedness Index 2022. With an overall score of 80.89, the state topped the third edition of rankings pipping Maharashtra (78.20) and karnataka (76.36 points). Gujarat which was the topper in the first two positions, was relegated to fourth position with 73.22 points.

The index is aimed at assessing the readiness of the states in terms of their export potential and performance. Tamil Nadu Industries minister T R B Rajaas hailed the rankings and said the state securing the Number 1 place in Export Preparedness Index, 2022, reinforces the state’s top rank in ease of doing business. "Tamil Nadu has long been an export leader in sectors like automotive, leather and textiles, and we recently became the No. 1 exporter of electronic goods," the minister said.. 

He said it is the result of Chief minister MK Stalin’s sustained efforts toward creating a robust environment for industries in the state. "This will strengthen our resolve to become a $ 1 Trillion economy by 2030,” he said.  Tamil Nadu’s electronics exports nearly tripled in one year to $5.37 billion in financial year 2023 from $1.86 billion in the previous year. It was ranked fourth in financial year 2022 and moved to spot in financial year 2023. Companies like Tata Electronics and Pegatron starting production have helped Tamil Nadu overtake Uttar Pradesh, Karnataka and Maharashtra to become India’s top exporter of electronic goods.

During the year 2020-21, of India’s total electronics goods export was worth $15.59 billion, Of this, Tamil Nadu’s share was 11.98 per cent. Tamil Nadu is endeavouring to attract investments worth Rs 23 lakh crore and create jobs for 46 lakh people, according to a policy note. Similarly, the state is striving to support the growth of the manufacturing sector in the State from $48.1 billion in 2020-21 to $236 billion in 2030-31.

The Niti Aayog's Export Preparedness Index is also aimed at promoting competition among all states (coastal, landlocked, Himalayan and UTs) to bring about favourable policies, ease the regulatory framework, create necessary infrastructure and assist in identifying strategic recommendations for improving export competitiveness. The ranking is based on four main pillars: policy, business ecosystem, export ecosystem and export performance.