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

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..