Economy of Tamil Nadu: Difference between revisions

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 Tamil Nadu is the largest textile hub of India. Tiruppur "Dollar City" due to its cotton production and textile industries. The textile industry plays a significant role in the Indian economy by providing direct employment to an estimated 35 million people, and thereby contributing 4% of GDP and 35% of gross export earnings. The textile sector contributes to 14% of the manufacturing sector. From Spinning to garment manufacturing, entire textile production chain facilities are in Tamil Nadu. About half of India's total spinning mill capacity is in Tamil Nadu. The western part of Tamil Nadu comprising Coimbatore, Tirupur, Erode, Namakkal, Karur and Dindigul has the majority of spinning mills manufacturing cotton/polyester/blended yarn, open end yarn and silk yarn used by garment units in Tamil Nadu, Maharastra etc. Yarn is also exported to China, Bangladesh etc. [[Tirupur]] knitted garment units have been exporting garments for about 3 decades with 2015–16 exports in the range of US$3 Billion. [[Karur]] is the major home textile (Curtain cloth, bed linens, kitchen linens, toilet linens, table linens, wall hangings etc.) manufacturing and export hub in India. [[Erode]] is the main cloth market in south India for both retail and wholesale ready-mades. Madras (Chennai) has a large presence of woven garments (shirts/pants) manufacturing units.  Madurai and Kanchipuram are famous for handloom sarees exported / sold all over India. [[Lakshmi Machine Works]] [LMW], one of the three major textile machinery manufacturing companies in the world is located in Coimbatore. Savio also has a factory in Coimbatore. Many textile component manufacturers are in Coimbatore and some export to the Europe etc.
+==Aerospace and defence==
+[[File:Tamil Nadu Defence Corridor.jpg|thumb|Tamil Nadu Defence Corridor]]
+The defence industry in Tamil Nadu is one of the fastest growing sector in the states generating a huge amount of export revenue. The states serves as the headquarters for numerous defence manufacturing public undertakings such as [[Heavy Vehicles Factory]], [[Combat Vehicles Research and Development Establishment]], [[Ordnance Factory Tiruchirappalli]], [[Larsen & Toubro|L&T]] Aerospace & Defence unit Coimbatore, [[Lakshmi Machine Works|LMW Advanced Technology Centre]], Coimbatore, [[Ashok Leyland Defence Systems]], [[Mahindra Aerospace]], [[Ramco Systems]], TANEJA Aerospace and Salem Aerospace Limited.<ref>{{Cite web|url=https://www.thehindu.com/business/ashok-leyland-bags-defence-vehicle-order/article24773406.ece|title=Ashok Leyland bags defence vehicle order|date=24 August 2018|via=www.thehindu.com}}</ref><ref>{{Cite web|url=https://www.thehindu.com/features/downtown/Think-Avadi-think-defence/article14416633.ece|title=Think Avadi, think defence|first=D.|last=Madhavan|date=11 June 2016|via=www.thehindu.com}}</ref> The state has the country's first defence corridor and aerospace park.<ref>{{Cite web|url=https://www.thehindubusinessline.com/companies/seven-firms-seek-land-allotment-at-aero-park-in-tn/article9559227.ece|title=Seven firms seek land allotment at aero park in TN|website=@businessline}}</ref><ref>{{Cite web|url=https://www.thehindubusinessline.com/news/defence-corridor-to-come-up-in-tn/article23274518.ece|title=Defence Corridor to come up in TN|website=@businessline}}</ref> The principal cities manufacturing defence and aerospace components are Chennai, Coimbatore, Tiruchirappalli, [[Salem, Tamil Nadu|Salem]] and the secondary manufacturing cities are [[Nagercoil]] and [[Hosur]].<ref>{{Cite magazine |url=https://magazine.outlookindia.com/story/the-man-who-tries-to-make-it-big-in-india/298023 |title=The Man Who Tries To Make It Big in India |website=magazine.outlookindia.com}}</ref><ref>{{Cite web|url=https://www.business-standard.com/article/economy-policy/firms-eye-opportunities-as-sitharaman-talks-up-defence-industrial-corridor-118031600028_1.html|title=Firms eye opportunities as Sitharaman talks up defence industrial corridor|first=Ajai|last=Shukla|date=16 March 2018|via=Business Standard}}</ref> French aerospace and defence company, [[Airbus]] decided to invest 1 billion dollar (7,200 crores) in an aerospace project in Chennai.<ref>{{Cite web|url=https://timesofindia.indiatimes.com/city/chennai/tamil-nadu-set-to-fly-as-airbus-eyes-state-for-manufacturing-unit/articleshow/63242790.cms|title=Airbus: Tamil Nadu set to fly as Airbus eyes state for manufacturing unit &#124; Chennai News - Times of India|website=The Times of India}}</ref> The company has also planned to built a helicopter assembly factory in Tamil Nadu.<ref>{{Cite web|url=https://www.business-standard.com/article/companies/airbus-shortlists-eight-states-for-helicopter-assembling-facility-118042100809_1.html|title=Airbus shortlists eight states for helicopter assembling facility|first=T. E.|last=Narasimhan|date=21 April 2018|via=Business Standard}}</ref> Tier - II cities of Coimbatore and Salem also serves as a major export hub for defence manufacturing firms.<ref>{{Cite web|url=https://www.thehindu.com/news/cities/Coimbatore/lt-defence-to-manufacture-isro-rocket-engines-in-coimbatore/article23937633.ece|title=L&T Defence to manufacture ISRO rocket engines in Coimbatore|author=Staff Reporter|date=19 May 2018|via=www.thehindu.com}}</ref> Defence, paramilitary and police personnel across the nation use guns, ammunitions and bullets manufactured from the city.<ref>{{Cite web|url=https://timesofindia.indiatimes.com/city/coimbatore/city-could-soon-manufacture-small-arms-and-ammunition/articleshow/62200451.cms|title=Coimbatore could soon manufacture small arms and ammunition &#124; Coimbatore News - Times of India|website=The Times of India}}</ref><ref>{{Cite web|url=https://timesofindia.indiatimes.com/city/coimbatore/defence-manufacturing-innovation-centre-to-come-up-in-city-at-rs-20-cr/articleshow/62407334.cms|title=Defence innovation centre to come up in Coimbatore &#124; Coimbatore News - Times of India|website=The Times of India}}</ref>
+Special grade steel used in making missiles are manufactured in Salem.<ref>{{Cite web|url=https://www.deccanchronicle.com/nation/politics/300618/tamil-nadu-for-using-salem-steel-plants-land-for-defence-corridor.html|title=Tamil Nadu for using Salem Steel Plant's land for defence corridor: CM|date=30 June 2018|website=Deccan Chronicle}}</ref> India's multinational engineering conglomerate [[Larsen & Toubro|L&T]] joint venture with France-based [[MBDA]], a world leader in missile systems planned a "L&T MBDA Missile Systems" facility at Aspen SEZ in Coimbatore serves as its hub to export fully assembled missile systems to Europe.<ref>{{Cite web|url=https://www.thehindubusinessline.com/companies/lt-jv-to-export-missiles-to-europe-from-coimbatore-sez/article25360945.ece|title=L&T JV to export missiles to Europe from Coimbatore SEZ|first=M.|last=Ramesh|website=@businessline}}</ref>
+[[File:IAF Tejas full size (32941198511).jpg|thumb|[[HAL Tejas|IAF's Tejas]] fighter aircraft]]
+Tamil Nadu also is the hub station where the first Indian made [[Fifth-generation jet fighter]] plane is to be manufactured. The Aeronautical Development Agency, which conceived and designed the Light Combat Aircraft (LCA) Tejas, set the ball rolling for building the next generation defence aircraft, the Advanced Medium Combat Aircraft (AMCA), by initiating in Coimbatore to build a technology demonstrator.
+The project – to be implemented in Sulur in Coimbatore district which will house the permanent base of the Tejas squadron – marks one of Tamil Nadu's first major defence aircraft project.<ref>{{Cite web|url=https://economictimes.indiatimes.com/news/defence/tamil-nadu-to-build-indias-next-generation-defence-aircraft/articleshow/64217410.cms|title=Tamil Nadu to build India's next generation defence aircraft|first=Chethan|last=Kumar|via=The Economic Times}}</ref>