Micro, Small and Medium enterprises are crucial forTamil Naduto cash in on the flood of investments by domestic and global manufacturing majors.
The states biggest sectoral capex requirement through to 2031 is in manufacturing at $598 billion, and this could revitalise and scale up the states small and micro enterprises as big OEMs in auto, pharma, electronics, IT, green energy and other segments look to local source.
Nadu to be spent on electric vehicle, battery assembly and petrol, diesel vehicle production over the next 10 years. The biggest spin-off from this mega MoU will be in local sourcing.