Tamil Nadu to announce new start-up, aerospace and defence sector policies

The state govt is formulating an exclusive Aerospace and Defence policy with the objective of taking a 30 per cent market share of the sector

Tamil Nadu made a host of announcements on Wednesday, including a major thrust to promote next generation electric vehicles with appropriate incentives, a new start-up and innovation policy, common building rules in the housing sector among others.

Addressing the Assembly, Tamil Nadu Governor Banwarilal Purohit said during the Global Investors meet scheduled for January 23 and 24 at Chennai, the state is planning to release the Aerospace and Defence Industrial Policy. These would help Tamil Nadu become a major investment hub and put Chennai-Vellore-Salem-Hosur-Coimbatore and Tiruchy clusters in India's defence and aerospace map.

The state government is formulating an exclusive