Eight Tamil Nadu districts account for 50% of State’s economic growth, says Guidance Tamil Nadu MD

Posted under: MSME
Date: 2023-12-13
Eight Tamil Nadu districts account for 50% of State’s economic growth, says Guidance Tamil Nadu MD

As many as eight districts in Tamil Nadu contribute almost 50% of Gross State Domestic Product (GSDP), said Vishnu Venugopal, Managing Director and CEO, Guidance Tamil Nadu, in Chennai on Tuesday. He was speaking at a session on ‘Tamil Nadu’s region-wise growth: A trend-setter’ at ‘Tamil Nadu Unlimited’, a one-day summit, organised by The Hindu in association with Guidance Tamil Nadu. He also pointed out that 15 districts contributed to over 50% of Tamil Nadu’s urbanisation. The State focused on capital intensive and employment intensive industries and was taking investments to all region. The Hosur belt had emerged as a electric vehicle hub, while Thoothukudi would emerge as a green hydrogen hub. Mr. Venugopal said the State was also taking advantage of the China plus one strategy and focused on sector like non-leather footwear. Sundararaman, managing director, Shiva Texyarn and chairman of The Southern India Mills Association, spoke about the emergence of the textile sector.

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