Tamil Nadu seeks Rs 750 billion investments in aerospace

10 Nov 2022 CW Team

Tamil Nadu announced a new policy that will seek investments worth Rs 750 billion in the aerospace and defence industries over the next ten years. The policy aims to create 100,000 new jobs in the sector. Chief Minister MK Stalin stated that the state's goal is to become a trillion-dollar economy by 2030-31, with a focus on manufacturing and services. Stalin dedicated the Tamil Nadu Smart and Advance Manufacturing (TANSAM) and Tamil Nadu Advanced Manufacturing Centre of Excellence (TAMCE) (TAMCOE). TANSAM was established with a Rs 2.51 billion investment by the Tamil Nadu Industrial Development Corporation (TIDCO) in collaboration with Siemens. TANSAM will investigate electric vehicles, aerospace, electric vehicles (EV), marine, green energy, biotechnology, industrial automation, robotics, and other industries.

Also read:
Revised design for underpass saves expenses to MMRDA
ISMT plans to set up 70 MW captive solar plant

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Infrastructure Transport

27 Jun 2026

Noida Airport Fuels NCR Realty Growth

The start of commercial operations at Noida International Airport has recently emerged as a major trigger for real estate growth across Noida, Greater Noida and the Yamuna Expressway region. The airport is expected to improve regional connectivity and support the next phase of development in eastern NCR.The airport, inaugurated on 28 March, has begun passenger services, while cargo operations are also expected to strengthen its role as an economic and logistics hub. Its operationalisation is expected to reduce dependence on Delhi’s Indira Gandhi International Airport for residents and busine..

Technology

27 Jun 2026

thyssenkrupp and GlobalLogic Form AI Alliance

thyssenkrupp AG and GlobalLogic, a Hitachi Group company, have recently formed a strategic alliance to deploy autonomous robotics and Physical AI across heavy industry operations. The partnership aims to improve safety, reduce engineering bottlenecks and accelerate industrial transformation at scale.The alliance brings together thyssenkrupp’s industrial expertise with Hitachi’s innovation capabilities. It includes GlobalLogic, Method and Hitachi America R&D, creating a “Lab-to-Scale” pipeline that connects research, digital strategy, design and enterprise software engineering for i..

Real Estate

27 Jun 2026

Platinum Corp Launches Luxury Suites in Santacruz

Platinum Corp has recently launched Platinum Stellar: Bespoke Presidential Suites, a premium residential project in Santacruz West, Mumbai. The development is positioned as a boutique luxury offering for homebuyers seeking expansive layouts, privacy and personalised living experiences.Located on Main Avenue, the project has been designed as a low-density, high-end residential address with spacious homes starting from 2,500 sq ft and extending to full-floor residences. The project targets HNIs, business owners and legacy residents from the Bandra-Khar-Santacruz belt.Platinum Stellar has been de..