Jump to content

Economy of Tamil Nadu

From Wikipedia, the free encyclopedia
(Redirected from Mines of Tamil Nadu)

Economy of Tamil Nadu
Chennai, the capital of Tamil Nadu with its skyline and Metro
CurrencyIndian rupee (INR, ₹)
1 April – 31 March
Country group
Statistics
GDP₹3,155,096 crore (US$378 billion) (2024–25 est.)[3]
GDP rank2nd
GDP growth
16% (2023-24)[3]
GDP per capita
₹350,695 (US$4,202) (2024-25 est.)[3]
GDP per capita rank
9th
GDP by sector
Services: 54% (2020–21)
Industry: 33%
Agriculture: 13%[3]
Population below poverty line
Positive decrease 4.3% in poverty (2020–21)[4]
Increase 0.738 high (2021) (11th)
UnemploymentPositive decrease 4.1% (Dec 2022)[5]
External
Exports₹4.21 lakh crore (US$50 billion) (2023–24)[6]
Export goods
Automobiles,[7] mobile phones,[8] software, missile defense, electronics, telecommunications equipment,[9] armaments,[10] locomotives,[11] ships, machinery, steel, aluminium, transportation equipment,[12] tyres, textiles, footwear, leather, chemicals, cement, plastics, toys, food processing, seafood, vegetables, fruits, tea and coffee
Main export partners
 Australia[13]
FDI stock
₹28,049 crore (US$3.4 billion) (2017–18)[14]
Public finances
26.29% of GSDP (2022–23 est.)[3]
₹−90,114 crore (US$−11 billion) (3.63% of GSDP) (2022–23 est.)[3]
Revenues₹2.36 lakh crore (US$28 billion) (2022–23 est.)[3]
Expenses₹3.33 lakh crore (US$40 billion) (2022–23 est.)[3]
All values, unless otherwise stated, are in US dollars.


Tamil Nadu has the second largest state economy in India.[15] The state also hosts the highest number of factories in the country.[16][17] The state is 48.40% urbanised, accounting for around 9.26% of the urban population in the country, while the state as a whole accounted for 5.96% of India's total population in the 2011 census.[18] Services contributes to 54% to the gross domestic product of the state, followed by manufacturing at 33% and agriculture at 13%.[19]

Government is the major investor in the state, with 52% of total investments, followed by private Indian investors at 29.9% and foreign private investors at 14.9%. It has been ranked as the most economically free state in India by the Economic Freedom Rankings for the States of India.[20]

Political economy of Tamil Nadu

[edit]

India is a large country of different peoples, cultures, languages and landscapes. As a country with a quasi-federal structure of Governance, a lot of the successes and failures of state governance and economies can be attributed to state specific socio-economic contexts and policies.

For decades, Tamil Nadu has consistently performed above national averages for Social and Economic indicators and is today the 2nd largest economy in the country after Maharashtra.[21][22]These successes are impossible to discuss without acknowledging the unique Political Economy of the state as most of the growth seen by Tamil Nadu happened after national political parties lost relevance in the state and were replaced by local Dravidian Parties. Since the 1967 legislative assembly election in Tamil Nadu, the state has been ruled either by the DMK or its offshoot and rival, the AIADMK. Today, the 2 large Dravidian parties, the DMK and AIADMK together control 199 seats out of the 234 seats in the Tamil Nadu Legislative Assembly.[23]

In the 1960s, TN was lagging behind the Indian average in many socio-economic indicators. It's Urban and Rural poverty rates were worse than the pan-Indian average but as of 2011-12, poverty rates had come down to 6.5 percent, 3rd lowest among major states and lower than the economically important states of Maharashtra and Gujarat.[24]

Socio-politics of pre-independence Madras Province

[edit]

The growth of Tamil Nadu can be attributed to the unique development of the state's socio-political sphere. During the British rule of India, the territory of what is today Tamil Nadu was a part of the Madras Province.

Rationalist literature was used for the critique of Social power in a caste society.[24]

The following table shows the distribution of selected jobs among different caste groups in 1912 in Madras Presidency.[25]  

Caste group Deputy collectors Sub judges District Munsifs % of total

male population

Brahmins 77 15 93 3.2
non-Brahmin Hindus 30 3 25 85.6
Muslims 15 nil 2 6.6
Indian Christians 7 nil 5 2.7
Europeans and Eurasians 11 nil 3 .1

Rise of Dravidian politics

[edit]

It is this context of upper caste hegemony that gave rise to Dravidian politics. The discovery of a wealth of ancient Tamil and ancient Dravidian language literature, along with the discovery of the independent origin of Dravidian languages from Sanskrit, further helped build a counter-narrative.[24]

C.N. Annadurai, another important idealogue of the Dravidian movement and the founder of the Dravida Munnetra Kazhagam (DMK), a Dravidian party founded in 1949 and sought to enter electoral politics, also emphasized the dual identity of the worker.[24]

Dravidian politics and the economy

[edit]

Institutionalised populism of Dravidian politics

[edit]

The Dravidian parties have a history of populist policy making in Tamil Nadu. Economic popular policies seek to address specific grievances of specific groups. Therefore, Social and Economic popular policies can be differentiated by both their intent and content.

Democratisation of education

[edit]

As of 2024, Tamil Nadu is the state with the highest education enrollment in India, with a gross enrollment ratio of 47%, surpassing the national average of 28.4%.[26] The state has high levels of literacy across social groups and nearly 50 percent of youth finishing school enter tertiary education.

There exists an elite bias in the provision of public services such as health and education in India. Throughout India, higher and technical education, up till the 80s were developed at the expense of basic education. Lower classes and castes couldn't catch up and be represented in higher education due to the abysmal status of primary education. But socio-political changes in Tamil Nadu allowed it to buck this trend since there were heavy investments into universal primary education in the state until it was deemed sufficiently developed. Investments were then targeted at developing secondary education and then tertiary education.[24]

The positive outcome in education is a result of a near century long mobilisation for equal access to education, allowing people to escape poverty and enter the modern economy. The state has also focused on inclusivity in higher education. There exists an extensive affirmative action program to ensure pupil from all communities are represented at tertiary education.[24]

Macroeconomic trend

[edit]

Socialist boom

[edit]

Real GSDP per capita grew 96 per cent during 1980–95.

GSDP at market prices[citation needed]
Year Gross State Domestic Product
(000,000 rupees)		 ₹ per USD GSDP Deflator
(index 2011 = 100)		 Per Capita Income
(as % of USA)
1980 116,119 7.89 11.454 2.43
1981 139,555 8.68 12.456 2.38
1982 144,053 9.48 13.422 2.15
1983 167,345 10.10 14.709 2.14
1984 196,256 11.35 15.370 2.00
1985 224,851 12.33 16.820 1.95
1986 251,650 12.60 18.946 2.01
1987 297,345 12.94 21.040 2.17
1988 333,354 13.90 21.845 2.09
1989 389,898 16.21 23.894 1.94
1990 450,321 17.49 25.713 1.96
1991 531,048 22.71 29.452 1.72
1992 618,025 28.16 32.539 1.53
1993 745,165 31.29 36.111 1.58
1994 889,112 31.39 38.275 1.77

Capitalist boom

[edit]

Real GSDP per capita grew 188 per cent during 1995–2014.

GSDP at market prices[citation needed]
Year Gross State Domestic Product
(000,000 rupees)		 ₹ per USD GSDP Deflator
(index 2011 = 100)		 Per Capita Income
(as % of USA)
1995 1,012,627 32.42 42.137 1.86
1996 1,155,473 35.51 45.815 1.84
1997 1,340,803 36.37 49.133 1.96
1998 1,530,613 41.36 53.557 1.87
1999 1,635,546 43.13 53.932 1.80
2000 1,789,259 45.00 55.728 1.77
2001 1,814,428 47.22 57.410 1.66
2002 1,927,711 48.63 59.943 1.65
2003 2,137,552 46.59 62.713 1.81
2004 2,466,685 45.26 64.934 2.00
2005 2,904,036 44.00 67.084 2.26
2006 3,497,531 45.19 70.127 2.49
2007 3,951,361 41.18 74.650 2.93
2008 4,520,346 43.39 80.984 3.10
2009 5,403,351 48.33 87.347 3.38
2010 6,587,827 45.65 94.144 4.17
2011 7,514,860 46.58 100.000 4.39
2012 8,548,250 53.37 107.956 4.24
2013 9,685,300 58.51 113.680 4.19

Economic boom

[edit]

Real GSDP per capita grew 35 per cent during 2014–21.

GSDP at market prices[citation needed]
Year Gross State Domestic Product
(000,000 rupees)		 ₹ per USD GSDP Deflator
(index 2011 = 100)		 Per Capita Income
(as % of USA)
2014 10,726,780 61.00 119.998 4.24
2015 11,765,000 64.11 121.594 4.24
2016 13,026,390 67.20 125.645 4.32
2017 14,650,510 65.12 130.135 4.77
2018 16,302,090 68.40 135.324 4.75
2019 17,431,440 70.42 140.143 4.69
2020 18,082,390 74.10 145.171 4.68
2021 20,654,360 73.92 153.552 4.81

Sectors

[edit]

Agriculture and livestock

[edit]
Paddy fields in Kanyakumari District

Tamil Nadu has historically been an agricultural state, while its advances in other fields transformed the state into being an industrialized and innovation based economy, leading to competition for land and its resources. Agriculture is heavily dependent on the river water and monsoon rains. The perennial rivers are Palar, Cheyyar, Ponnaiyar, Kaveri, Meyar, Bhavani, Amaravathi, Vaigai, Chittar and Tamaraparani. Non-perennial rivers include the Vellar, Noyyal, Suruli, Siruvani, Gundar, Vaipar, Valparai and Varshali. Tamil Nadu ranks first in Cloves production with 1,059 metric tons in the year 2022. Tamil Nadu is the highest producer of bananas and coconuts in the whole country. It is also a leading state in production of other crops such as sugarcane, cotton, kambu, maize, rye, groundnut and oil seeds. At present, Tamil Nadu is India's 4th largest producer of rice behind West Bengal, Uttar Pradesh and Punjab[27][28] Tamil Nadu is the home to Dr. M. S. Swaminathan, known as the "father of the Green Revolution" in India.[29] The state is one of the major producers of turmeric in India.

Given below is a table of 2015–16 national output share of select agricultural crops and allied segments in Tamil Nadu based on 2011 prices[30]

Segment National Share %
Drumstick 98.0
Cloves 79.4
Tapioca 44.4
Coconut 29.1
Tamarind 25.3
Banana 19.4
Gooseberry 18
Ragi 17.8
Horsegram 17.5
Sapota 17.4
Floriculture 16.5
Turmeric 14.6
Urd 14.7
Groundnut 14.2
Cucumber 12.6
Maize 12.3
Egg 12.2
Carrot 12.1
Marine fish 11.8
Gur 11.6
Water melon 11.4
Jackfruit 10.9
Jowar 10.6
Tea 8.5
Cocoa 8.2
Moong 7.9
Oilseed 7.7
Papaya 7.4
Meat 7.5
Paddy 6.9
Bean 6.7
Fruit and vegetable 6.3
Sugarcane 6.1
Mango 5.8
Bitter gourd 5.6
Pear 5.3
Sericulture and Apiculture 5.3

Mining

[edit]

This is a chart of proven reserves of major minerals of Tamil Nadu[31] by Department of Geology and Mining with figures in tonnes.

Mineral Reserve National Share %
Lignite 30,275,000 87
Vermiculite 2,000,000 66
Garnet 23,000,000 42
Zircon 8,000,000 38
Graphite 2,000,000 33
Ilmenite 98,000,000 28
Rutile 5,000,000 27
Monazite 2,000,000 25
Magnesite 73,000,000 17

Tamil Nadu has a few mining projects based on Titanium, Lignite, Magnesite, Graphite, Limestone, Granite and Bauxite.[32] The first one is the Neyveli Lignite Corporation that has led development of large industrial complex around Neyveli in Cuddalore district with Thermal power plants, Fertilizer, Brequetting and Carbonisation plants. Tata Iron and Steel Company (TISCO) have entered into MoU with Government of Tamil Nadu in June 2002 for establishing a titanium dioxide (TiO2) plant with a project outlay of $650 million. Magnesite mining is done at Salem apart from which mining of Bauxite ores are carried out at Yercaud and this region is also rich in Iron Ore Kanjamalai. Molybdenum is found in Dharmapuri, and is the only source in the country.

Energy

[edit]

Tamil Nadu, being an industrialized and urbanized state, is among the top 3 states with respect to generation of electricity. The total installed capacity of Tamil Nadu stands at around 30200 MW as in September 2018, that derives 11500 MW of power from solar and wind energy. Tamil Nadu has the distinction of being the leader in renewable energy in India by adopting clean sources of energy and having established wind farms as early as 1995. Today it produces more wind power than Denmark and the Netherlands.

Wind energy

[edit]

The Tamil Nadu Energy Development Agency (TEDA) is a Tamil Nadu government promoting renewable energy sources and energy conservation activities. The agency has largely been responsible for instigating the tremendous growth of Tamil Nadu in the development of wind power.[33] The total installed capacity of windmills in Tamil Nadu totals to around 8700MW. Muppandal wind farm is a renewable energy source, supplying the villagers with electricity for work.[34][35] Wind farms were built in Nagercoil and Tuticorin apart from already existing ones around Coimbatore, Pollachi, Dharapuram, Kangeyam and Udumalaipettai.

Solar

[edit]

In March 2008, Signet Solar Inc.[36] signed a memorandum of understanding with the State government to build a INR 20 billion thin-film silicon photovoltaic module manufacturing plant in the Sriperumbudur Special Economic Zone.[37] In June 2008, Moser Baer inked a MoU with the state government to build INR 20 billion plant for manufacturing of silicon-based photovoltaic thin film modules and allied products in the Oragadam Special Economic Zone which is closer to the Signet Solar's plant in Sriperumbudur.[38]

Nuclear

[edit]

The Kalpakkam Nuclear Power Plant, Ennore Thermal Plant, Neyveli Lignite Power Plant, Virudhachalam Ceramics and the Narimanam Natural Gas Plants are major sources of Tamil Nadu's electricity. It is presently adding the Koodankulam Nuclear Power Plant to its energy grid. Tamil Nadu sources some of its power needs from renewable sources with wind power contributing over 2000 MW or over 20% of the needs. Tamil Nadu is facing largest power shortage since 2009 (34.1% deficit), the highest in the country, due to industrialization over the last decade.[39] India's leading steel producer SAIL has a steel plant in Salem, Tamil Nadu.[40] Tamil Nadu ranks first nationwide in diesel-based thermal electricity generation with national market share of over 34%.

Hydroelectric

[edit]

The Mettur Dam is one of the largest dams in India. It was completed in 1936. The total length of the dam is 1700 meters. It is also called Stanley Reservoir. The Mettur Hydro Electrical power project is also quite large Mettur Dam. Mettur has a number of industries (50 km from Salem city): SISCOL,[41] MALCO (Madras Aluminium Company owned by Vedanta Resources), Chemplast (former known as Mettur Chemicals),[42] Thermal power plant, Hydel power plant and huge number of chemical industries. There are many other dams that provide irrigation and drinking water, including the Vaigai Dam.

Bio-diesel

[edit]

Tamil Nadu at this time is the only state to have a formal Bio-Diesel Policy to use jatropha crops as a source of biofuel and to distribute wasteland to the poor farmers for the planting of these crops.[43]

Industry and manufacturing

[edit]

One of the global electrical equipment public sector company BHEL has manufacturing plants at Tiruchirappalli and Ranipet. The Tamil Nadu state government owns the Tamil Nadu Newsprint and Papers (TNPL),[44] the world's biggest bagasse-based paper mills in Karur and Tiruchirappalli . The world's sixth largest manufacturer of watches together with TATA, under the brand name of "Titan" which has manufacturing plant in Hosur.[45] 40 percent of all wind-generated electricity in India is created by windmills in Tamil Nadu. Danish wind power company NEG Micon has established its manufacturing unit in Chennai.[46] Tamil Nadu is a leading producer of cement in India and with manufacturing units located at Ariyalur, Coimbatore, Karur and Tirunelveli. High-density Polyethylene mono filament yarn and associated products are manufactured in Karur for mosquito nets and fishing nets. More than 60% mosquito nets in India are manufactured here. The region around Salem is rich in mineral ores. The country's largest steel public sector undertaking, SAIL, has a steel plant in Salem.

Coimbatore is a major industrial hub in South India and houses more than 30,000 small, medium and large industries. Coimbatore is known as "Manchester of South India" due to its extensive textile industry and also referred to as "the Pump City" as it supplies half or 50% of India's requirements of motors and pumps.[47] The city is one of the largest exporters of textile, jewellery, wet grinders, poultry and auto components and the term "Coimbatore Wet Grinder" has been given a Geographical indication. Larsen & Toubro has 300 acre huge manufacturing campus in Coimbatore which houses various units of company, manufactures aerospace and defence parts for leading players in the market.

Tuticorin is known as "Gateway of Tamil Nadu". Thoothukudi is the major chemical producer in the state. It produces the 70 percent of the total salt production in the state and 30 percent in the country.

IT/ITeS-Software

[edit]

Tamil Nadu is one of the largest contributor of software exports majorly from its cities Chennai, Coimbatore, Trichy, Salem[48] and Madurai . State has 526 engineering colleges, the most for any state in India giving the services industry access to qualified and skilled labour force. The top engineering colleges in Tamil Nadu have been a major recruiting hub for the IT firms. According to estimates, about 50 per cent of the human resources required for the IT and ITES industry was being sourced from the state.[49] The state has a wide network of about 110 industrial parks and estates offering developed plots with supporting infrastructure.[50] Also, the state government is promoting other industrial parks like Rubber Park, Apparel Parks, Floriculture Park, TIDEL Park for IT/ITS, TICEL BioPark for Biotechnology,[51] Siruseri IT Park, Elcot SEZ and Agro Export Zones among others. Tamil Nadu has the largest number of Small and medium enterprises (SMEs) in India.[52]

Automotive

[edit]
Main article: Automobile industry in Chennai

Chennai is nicknamed "The Detroit of Asia".[53][54] It is home to large number of auto component industries. Over 11.2% of the S&P CNX 500 conglomerates have corporate offices in Tamil Nadu. Tamil Nadu has manufacturing facilities from automobiles, railway coaches, battle-tanks, tractors, motorbikes and heavy vehicles to ships.

Alstom has a manufacturing facility in Coimbatore which manufactures rail transportation products.

Vehicle parts manufacturers

[edit]

Madras Rubber Factory the local tyre manufacturer is located in Chennai and Perambalur. TI cycles of Murugappa group have their units in Chennai. UCAL Carburettors, TRW Rane, TVS Group are established in Hosur.TVS Srichakra Tyre works at Madurai. Coimbatore is home to Pricol, Elgi Equipments, Craftsman, Roots Horn, Rolon Chains and numerous Tier-I part suppliers.

Transportation industry

[edit]

Custom built trucks operated in Tamil Nadu, Kerala and Karnataka are from Tiruchengode, Sankagiri, and Namakkal. 90 Percent of Private busses operating in South India are built in Karur. Karur is well known for its bus body building industries. More than 150 Bus body building industries are located in and around Karur. Apart from that, mostly all the TNSTC, MTC, SETC and PRTC busses are built in Karur.

Textiles and apparels

[edit]

Tamil Nadu used to be the 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

[edit]
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. Avadi in Chennai is the major and biggest defence industrial corridor stands out first in the defence exports of the state which headquarters many defence industries for numerous defence manufacturing public undertakings such as Heavy Vehicles Factory, Armoured Vehicles Nigam, Engine Factory Avadi, Combat Vehicles Research and Development Establishment, DRDO and Ordnance Depot. The other major defence industries of the state are Ordnance Factory Tiruchirappalli, L&T Aerospace & Defence unit Coimbatore, LMW Advanced Technology Centre Coimbatore, Ashok Leyland Defence Systems, Mahindra Aerospace, Ramco Systems, TANEJA Aerospace and Salem Aerospace Limited.[55][56] The state has the country's first defence corridor and aerospace park.[57][58] The principal cities manufacturing defence and aerospace components are Chennai, Coimbatore, Tiruchirappalli, Salem and the secondary manufacturing cities are Nagercoil and Hosur.[59][60] French aerospace and defence company, Airbus decided to invest 1 billion dollar (7,200 crores) in an aerospace project in Chennai.[61] The company has also planned to build a helicopter assembly factory in Tamil Nadu.[62] Tier - II cities of Coimbatore and Salem also serves as a major export hub for defence manufacturing firms.[63] Defence, paramilitary and police personnel across the nation use guns, ammunitions and bullets manufactured from the city.[64][65] Special grade steel used in making missiles are manufactured in Salem.[66] India's multinational engineering conglomerate 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.[67]

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.[68]

Electronics

[edit]

Electronics manufacturing is a growing industry in Tamil Nadu. Chennai has emerged as EMS Hub of India. Companies like Flextronics, Motorola, Sony-Ericsson, Foxconn, Samsung, Cisco, and Dell have chosen Chennai as their South Asian manufacturing hub. Products manufactured include circuit boards and cellular phone handsets.[69] Ericsson also has a Research and Development facility in Chennai.[70] Big EPC companies have set up their Engineering centres which include Saipem India Projects Ltd, Technip, Foster Wheeler, Schneider Electric, Mott MacDonald, Petrofac, Austrian company "Austrian Energy and Environment" have also a design office here besides local giant ECC Larsen & Toubro. Reliance Industries and Sanmina-SCI formed a joint venture in 2022 to manufacture electronics in Tamil Nadu.[71] Nokia Siemens Networks has decided to build a manufacturing plant for wireless network equipment in Tamil Nadu.[72]

The state with a projected population of about 66.5 million in year 2009 has a high mobile market share in India. According to statistics released by Telecom Regulatory Authority of India (TRAI), the state had a total subscriber base of 43 million mobile customers at the beginning of August 2009.[73][74]

Leather

[edit]

Tamil Nadu accounts for 60 per cent of leather tanning capacity in India[75] and 38 per cent of all leather footwear, garments and components. The state also accounts for 50 per cent of leather exports[76][77] from India, valued at around US$3.3 billion of the total US$6.5 billion from India. Hundreds of leather and tannery facilities are located around Vellore and its nearby towns, such as Ranipet, Ambur and Vaniyambadi. The Vellore district is the top exporter of finished leather goods in the country. Vellore leather accounts for more than 37 percent[78] of the country's export of leather and leather-related products (such as finished leathers, shoes, garments and gloves).

Hundreds of leather and tannery industries are located around Vellore, Dindigul and Erode its nearby towns such as Ranipet, Ambur, Perundurai and Vaniyambadi The tanning industry in India has a total capacity of 225 million pieces of hides and skins, of which Tamil Nadu alone contributes 70 per cent, a leading export product share at 40 per cent for India. It currently employs about 2.5 million persons. Leather exports by the end of 2000–2001 were INR90 billion.

Central Leather Research Institute, a CSIR research laboratory, is located in Chennai, the state capital.

Fireworks

[edit]

The city of Sivakasi is a leader in the areas of printing, fireworks, and safety matches. It was fondly called as "Little Japan" by Jawaharlal Nehru. It contributes to 90% of India's fireworks production. Over 2,345 licensed fireworks factories are present around sivakasi city and around 2,34,000 people's are working.Sivakasi provides over 60% of India's total offset printing solutions. Only after Gutenberg in Germany, Sivakasi has more printing presses in the world.

See also: List of conglomerates in Tamil Nadu

Banking

[edit]

The first modern bank in Tamil Nadu, Bank of Madras was started by the British in 1843. It was followed by the opening of other banks namely – Arbuthnot & Co, Bank of Chettinad, Bank of Madura, that were later merged under the supervision of RBI. The state serves as the headquarters for the second most banks in India, only next to the financial Capital Mumbai. The banking sector in Tamil Nadu is broadly classified into scheduled banks and non-scheduled banks. All banks included in the Second Schedule to the Reserve Bank of India Act, 1934 are Scheduled Banks. These banks are Scheduled Commercial Banks and Scheduled Co-operative Banks. Scheduled Co-operative Banks consist of Scheduled State Co-operative Banks and Scheduled Urban Cooperative Banks. Scheduled Commercial Banks in Tamil Nadu are categorised into five different groups according to their ownership and/or nature of operation:

  • Nationalised Banks
  • Private Sector Banks
  • Foreign Banks
  • Regional Rural Banks
  • Small Finance Banks

The following are the list of Banks based in Tamil Nadu.

Bank Name Established Headquarter Branches Revenues Total Assets Ref/Notes
Indian Bank 1907 Chennai 2,836 ₹43,414.34 crore (US$5.2 billion) ₹394,771 crore (US$47 billion) [79]
Indian Overseas Bank 1937 Chennai 3,350 ₹43,120.09 crore (US$5.2 billion) ₹374,436.76 crore (US$45 billion) [80]
Karur Vysya Bank 1916 Karur 790 ₹9,987.3 crore (US$1.2 billion) ₹107,663.72 crore (US$13 billion) [81]
City Union Bank 1904 Kumbakonam 623 ₹4,596.4 crore (US$550 million) ₹66,289.44 crore (US$7.9 billion) [82]
Lakshmi Vilas Bank 1926 Chennai 565 ₹2,568.4 crore (US$310 million) ₹56,287.92 crore (US$6.7 billion) [83]
Tamilnad Mercantile Bank Limited 1921 Thoothukudi 509 ₹3,911.7 crore (US$470 million) ₹63,467.98 crore (US$7.6 billion) [84]
Equitas Small Finance Bank 2007 Chennai 412 ₹1,908.77 crore (US$230 million) ₹23,086.5 crore (US$2.8 billion) [85]
Tamil Nadu Grama Bank 2019 Salem 630 ₹1,824.36 crore (equivalent to ₹20 billion or US$250 million in 2023) ₹25,438.02 crore (US$3.0 billion) [86]
Repco Bank 1969 Chennai 153 ₹984.5 crore (US$120 million) ₹16,515 crore (US$2.0 billion) [87]
TNSC Bank 1905 Chennai 100+ ₹485.7 crore (US$58 million) ₹11,216 crore (US$1.3 billion) [88]

Transportation

[edit]
Main articles: Transport in Tamil Nadu and Road network in Tamil Nadu
Kathipara Junction in Chennai
Three 747s at Chennai Cargo Terminal. Chennai cargo terminal is the second busiest in India.
The Madras Port, the second biggest port in South Asia

Tamil Nadu has a well established transportation system that connects all parts of the state. This is partly responsible for the investment in the state. Though the present transportation system is substantial, it needs to be developed further to keep pace with the rapid increase in use.[89] Tamil Nadu is served by an extensive road network in terms of its spread and quality, providing links between urban centres, agricultural market-places and rural habitations in the countryside.

Road

[edit]

There are 28 national highways in the state, covering a total distance of 5,036 km (3,129 mi).[90] The state is also a terminus for North-South Corridor Road (NH44) and the Golden Quadrilateral project that is 99.2% completed as of 31 July 2010.[91] Chennai Mofussil Bus Terminus is the largest bus terminal in Tamil Nadu. The state has a total road length of 167,000 km, of which 60,628 km are maintained by Highways Department. This is nearly 2.5 times higher than the density of all-India road network.[92] It ranks second with a share of over 20% in total road projects under operation in the public-private partnership model.[93] It is currently working on upgrading its road network, though the pace of work is considered slow.[94]

Railway

[edit]

Tamil Nadu has a well-developed rail network as part of Southern Railway. Headquartered at Chennai, the present Southern Railway network extends over a large area of India's Southern Peninsula, covering the states of Tamil Nadu, Kerala, Puducherry, minor portions of Karnataka and Andhra Pradesh. Tamil Nadu has a total railway track length of 6,693 km and there are 690 railway stations in the state. The system connects it with most major cities in India. Main rail junctions in the state include Chennai, Coimbatore, Tiruchirappalli Junction, Erode, Dindigul, Katpadi, Thanjavur, Madurai, Salem and Tirunelveli. Chennai has a well-established Suburban Railway network, a Mass Rapid Transport System and is currently developing a Metro system, with its first underground stretch operational since May 2017. Rapid Transit (Metro) or Light Metro system in Coimbatore, Madurai and Tiruchirappalli are currently in under process [95]

Air

[edit]

Tamil Nadu has a major international airport, Chennai International Airport, that is connected with 27 countries with more than 500 direct flights every day. Other international airports in Tamil Nadu include Coimbatore International Airport, Tiruchirappalli International Airport and Madurai Airport. Chennai International Airport is currently the fourth largest international airport in India after Delhi, Mumbai, and Bangalore has a passenger growth of 18%. It also has domestic airports at Salem, Thoothukudi making several parts of the state easily accessible. Increased industrial activity has given rise to an increase in passenger traffic as well as freight movement which has been growing at over 21.3 per cent per year.[96]

Ports

[edit]

Tamil Nadu has four major ports at Chennai, Ennore, Kattupalli and Tuticorin, as well as one intermediate port, Nagapattinam, and seven minor ports, Rameswaram, Kanyakumari, Cuddalore, Colachel, Karaikal, Pamban and Valinokkam of which are currently capable of handling over 73 million metric tonnes of cargo annually (24 per cent share of India). All the minor ports are managed by the Tamil Nadu Maritime Board.[97] Chennai Port is an artificial harbour situated on the Coromandel Coast in South-East India and it is the second principal port in the country for handling containers. It is currently being upgraded to have a dedicated terminal for cars capable of handling 400,000 vehicles by 2009 to be used by Hyundai, Ford and Nissan Renault.[98] Ennore Port was recently converted from an intermediate port to a major port and handles all the coal and ore traffic in Tamil Nadu. The volume of cargo in the ports grew by 13 per cent over 2005.[99][100] The Tuticorin Port is expanding its facilities at the cost of US$1.6 billion.[101] The Sethusamudram Shipping Canal Project will transform the Tuticorin port into a transshipment hub similar to those in Singapore and Colombo. The ports are in need of improvement and some of them have container terminals privatised.

Tourism

[edit]
Main article: Tourism in Tamil Nadu

Owing to the ancientness and depth of its civilization, Tamil Nadu has been a hub for tourism. In recent years, the state has emerged as one of the leading tourist destination for both domestic and foreign tourists. Tourism in Tamil Nadu is promoted by Tamil Nadu Tourism Development Corporation (TTDC), a Government of Tamil Nadu undertaking. The state currently ranks the highest among Indian states with about 248 million arrivals in 2013.[102] The annual growth rate of the industry stood at 16 per cent. Approximately 2,804,687 foreign and 111,637,104 domestic tourists visited the state in 2010.[103]

Statue of Thiruvalluvar, Kanniyakumari, Tamil Nadu
Shore Temple, Mahabalipuram (built in 700–728 AD) in Tamil Nadu

The state boasts some of the grand Hindu temples built in Dravidian architecture. The Brihadishwara Temple in Thanjavur, built by the Cholas, the Airavateswara temple in Darasuram and the Shore Temple, along with the collection of other monuments in Mahabalipuram (also called Mamallapuram) have been declared as UNESCO World Heritage Sites. Madurai is home to the Madurai Meenakshi Amman Temple. Sri Ranganathaswamy Temple, Srirangam is the largest functioning temple in the world, Tiruchirappalli where the famous Rockfort Temple is located, Rameshwaram whose temple walk-ways corridor (Praagarams) are the longest 1.2 km (0.75 mi) of all Indian temples in the world, Kanchipuram and Palani are important pilgrimage sites for Hindus. Other popular temples in Tamil Nadu include those in Gangaikonda Cholapuram, Chidambaram, Thiruvannaamalai, Tiruchendur, Tiruvarur, Kumbakonam, Srivilliputhur, Tiruttani, Namakkal, Vellore, Karur, Bhavani, Coimbatore, Kanniyakumari.

Tamil Nadu is also home to hill stations like Udhagamandalam (Ooty), Kodaikanal, Yercaud, Coonoor, Topslip, Valparai, Yelagiri and Manjolai. The Nilgiri hills, Palani hills, Shevaroy hills, Kolli Hills and Cardamom hills are all abodes of thick forests and wildlife. Tamil Nadu has many National Parks, Biosphere Reserves, Wildlife Sanctuaries, Elephant and Bird Sanctuaries, Reserved Forests, Zoos and Crocodile farms. Prominent among them are Mudumalai National Park, The Gulf of Mannar Biosphere Reserve, Anaimalai Wildlife Sanctuary, Vedanthangal Bird Sanctuary and Arignar Anna Zoological Park. The mangrove forests at Pichavaram are also eco-tourism spots of importance.

Kanyakumari, the southernmost tip of peninsular India, is famous for its beautiful sunrise, Vivekananda Rock Memorial and Thiruvalluvar's statue built off the coastline. Marina Beach in Chennai is one of the longest beaches in the world. The stretch of beaches from Chennai to Mahabalipuram are home to many resorts, theme parks and eateries. The prominent waterfalls in the state are Courtallam, Hogenakkal, Papanasam, Manimuthar, Thirparappu, Pykara and Silver Cascade. The Chettinad region of the state is renowned for its Palatial houses and cuisine. With medical care in Chennai, Vellore, Coimbatore and Madurai, Tamil Nadu has the largest numbers in Medical tourism in India.

Services

[edit]

Tamil Nadu has 526 engineering colleges, the most for any state in India giving the services industry access to qualified and skilled labour force. The state has a wide network of about 110 industrial parks and estates offering developed plots with supporting infrastructure.[50] Also, the state government is promoting other industrial parks like Rubber Park, Apparel Parks, Floriculture Park, TIDEL Park for IT/ITS, TICEL BioPark for Biotechnology,[51] Siruseri IT Park, Elcot SEZ and Agro Export Zones among others. Tamil Nadu has the largest number of Small and medium enterprises (SMEs) in India.[52]

Software Parks
Tidel Park, Chennai
Tidel Park, Coimbatore

This is a chart of trend of software exports from Tamil Nadu published by Electronics Corporation of Tamil Nadu with figures in Crores of Indian Rupees.[104]

Year Software exports
1995 ₹370 crore (US$44 million)
2000 ₹31,160 crore (US$3.7 billion)
2005 ₹41,150 crore (US$4.9 billion)
2010 ₹62,100 crore (US$7.4 billion)
2013 ₹82,450 crore (US$9.9 billion)[105]
2017 ₹111,179 crore (US$13 billion)[106]
2018 ₹139,129 crore (US$17 billion)[107]

Chennai is the second largest software exporter in India, next only to Bangalore. India's largest IT park is housed at Chennai. Software exports from Tamil Nadu during 2017–2018 rose 8.6% per cent to touch 1,11,179 crore, involving a workforce of 780,000.[106] Chennai is the largest hub for e-publishing, as there are 67 e-publishing units registered with the STPI in Chennai and 25 in Bangalore. Companies such as HCL Technologies, NTT DATA, Wipro, Tata Consultancy Services, Capgemini, Amazon.com, LTI, Tech Mahindra, Infosys, IBM, Cognizant, Accenture, Sopra Steria, CGI Inc., Verizon, DXC Technology, Atos, Virtusa and many others have offices in Chennai. Infosys Technologies has set up India's largest software development centre to house 25,000 software professionals at an estimated investment of ₹12,500 million (US$150 million) in Chennai.[108] India's largest IT park – SIPCOT is housed at Siruseri – Chennai, It has numerous IT companies such as TCS, CTS, Syntel, Steria, Polaris, Patni, Hexaware etc. Chennai has been rated as the most attractive city for offshoring services.[109] Coimbatore is second largest Software exporter in Tamil Nadu with presence of Amazon.com, Bosch, Cognizant, Ford, NTT Data, TCS, Wipro, HCL, Capgemini, Harman, Deloitte. Cognizant has more than 13,000 employees working in Coimbatore, which is their second largest headcount in India after Chennai. Bosch has one of the largest R&D development centre in Coimbatore outside Germany which employees close to 5500 in the city. Madurai is the next biggest IT city. Companies like HCL, Honeywell are in Madurai. A new TIDEL park is proposed at Madurai Maatuthavani. The IT Companies like Capgemini, Sutherland, TTS Business Services, Sun Business Solution (Sun Group), Scientific Publishing, Omega Healthcare, Vagus Technologies, MMC Infotech are also in Tiruchirappalli.

Chennai has emerged as the "SaaS Capital of India".[110][111][112][113][114] The SaaS sector in/around Chennai generated US$1 Billion in revenue and employed about 10000 personnel in 2018.[113]

Government revenues

[edit]

Tamil Nadu ranks fourth nationwide of all state governments in tax revenue. (See: States of India by tax revenues.) This is a chart of trend of tax revenues (including the shares from Union tax pool) extracted from the Consolidated Fund of the Government of Tamil Nadu[115] with figures in millions of Indian Rupees. See also the Finance Commission of India report.[116] Tax revenues of local bodies are excluded. As of June 29, 2024, Tamil Nadu's debt burden is estimated to be Rs 8.34 lakh crore. This makes it the state with the highest outstanding debt in India.

Year Tax revenues Sales tax Excise duties Registration fees Corporation tax Vehicle tax
1950 441[a]
1955 270 112[b] 3 7
1960 417 191
1965 723 409 4 99[c] 133
1970
1975 3,190
1980
1985
1990 34,508 20,659 4,348 2,263 2,273
1995 79,045 46,892 9,346 6,130 3,922
2000 150,659 81,971 18,686 9,101 5,904
2005 253,232 143,607[d] 24,780 15,628[e] 13,846 11,305

This is a chart of trend of non-tax revenues and grants-in-aid extracted from the Consolidated Fund of the Government of Tamil Nadu with figures in millions of Indian Rupees. See also [116] and [117] Non-tax revenues of local bodies are excluded.

Year Non-tax revenues Interest Mining Grants-in-aid
1960 197 114
1965 466 233
1970
1975
1980
1985
1990 3,814 897 588 12,555
1995 8,584 3,428 672 18,362
2000 17,107 4,036 3,953 15,398
2005 21,014 5,673 4,274[f] 28,268

Government debt

[edit]

Amount in Crores:

Fin year Bought Repaid Total debt
31 March 2000 23,840 [118][usurped]
31 March 2001 28,685
31 March 2006 57,457
31 March 2007 60,170
31 March 2008 64,655
31 March 2009 74,858 [119]
31 March 2011 1,12,000 [120]
31 March 2012 1,35,060 [121]
2013 - 2014 1,55,129
2014 - 2015 1,78,170
2015 - 2016 2,11,483
2016 - 2017 2,52,431
2017 - 2018 3,14,366
2018 - 2019 3,55,845
2019 - 2020 3,97,000
2020 - 2021 4,56,661
[edit]
Stats about Tamil Nadu
Tamil Nadu – India's economic powerhouse
Tamil Nadu's contribution to India's industrial output
Strategic location of Tamil Nadu
Tamil Nadu's strong social and educational infrastructure
Tamil Nadu rankings
Tamil Nadu statistics

Notes

[edit]
  1. ^ includes the province of Hyderabad
  2. ^ includes revenues from non-ferrous mining and metallurgical industries
  3. ^ includes stamp fees
  4. ^ includes tax on trades
  5. ^ includes stamp fees
  6. ^ includes revenues from non-ferrous mining and metallurgical industries

Citation

[edit]

[122]

  1. ^ "World Economic Outlook Database, April 2019". IMF.org. International Monetary Fund. Retrieved 29 September 2019.
  2. ^ "World Bank Country and Lending Groups". World Bank. Retrieved 29 September 2019.
  3. ^ a b c d e f g h "Tamil Nadu Budget Analysis 2024-25". PRS Legislative Research. 19 February 2024. Cite error: The named reference "Budget Analysis" was defined multiple times with different content (see the help page).
  4. ^ "SDGs India Index". NITI Aayog. 31 December 2019.
  5. ^ "Unemployment Rate in India". Centre for Monitoring Indian Economy. p. 1. Retrieved 3 November 2020.
  6. ^ Presentation on Tamil Nadu cgijaffna.gov.in
  7. ^ Simhan, TE Raja (28 June 2018). "Chennai Port takes lead in wooing Kia Motors". @businessline.
  8. ^ "India may become the second largest smartphone market: Xiaomi's Raghu Reddy". The Economic Times.
  9. ^ "Nokia Siemens to expand Chennai facility". The Hindu. 9 August 2011 – via www.thehindu.com.
  10. ^ "Ashok Leyland looking at Rs 5,100 crore revenue from defence exports". Archived from the original on 19 July 2018. Retrieved 1 January 2024.
  11. ^ "Indian Railways to export six DMU train sets to Sri Lanka". www.cnbctv18.com. 11 July 2018.
  12. ^ Market, Capital (10 July 2018). "Steel Strips Wheels bags its largest export order for US truck & trailer aftermarket". Business Standard India – via Business Standard.
  13. ^ Suneja, Kirtika. "Australian exports to India to grow to $45 bn in 20 years, FDI to $100 bn, says report". The Economic Times.
  14. ^ "Whopping 300% FDI inflow growth in this non-BJP state; here's list of other top performing states". 12 July 2018.
  15. ^ "Reserve Bank of India - Publications". rbi.org.in. Retrieved 12 August 2023.
  16. ^ "Tamil Nadu has most factories in India says RBI report, as state plots path to a trillion-dollar economy". CNBCTV18. 24 November 2022. Retrieved 3 February 2024.
  17. ^ "ASI - State Wise number of factories for 2019-20 | Ministry of Statistics and Program Implementation | Government Of India". www.mospi.gov.in. Retrieved 4 February 2024.
  18. ^ "Visualizations | Government of India". censusindia.gov.in. Retrieved 23 March 2023.
  19. ^ "Tamil Nadu Budget Analysis 2023-24". PRS Legislative Research.
  20. ^ "Indian States by Economic Freedom - StatisticsTimes.com". statisticstimes.com. Retrieved 25 October 2018.
  21. ^ "Reserve Bank of India - Handbook of Statistics on Indian States". www.rbi.org.in. Retrieved 20 May 2024.
  22. ^ "TABLE 27: GROSS STATE DOMESTIC PRODUCT (Current Prices)" (PDF). rbidocs.rbi.org.in. Retrieved 4 September 2024.
  23. ^ "Tamil Nadu Election Results 2021 Live: DMK leader Stalin to take oath as CM on May 7". The Times of India. 3 May 2021. Retrieved 20 May 2024.
  24. ^ a b c d e f Kalaiyarasan A. and Vijayabaskar M. (July 2021). The Dravidian Model: Interpreting the Political Economy of Tamil Nadu. Cambridge University Press. pp. 56–79. ISBN 9781108933506.{{cite book}}: CS1 maint: date and year (link)
  25. ^ Irschick, Eugene F. (1969). Politics And Social Conflict In South India. Oxford University Press. p. 14.
  26. ^ Benu, Parvathi (30 January 2024). "Tamil Nadu tops in enrollment ratio for higher education among States". The Hindu BusinessLine. Retrieved 16 September 2024.
  27. ^ "Top 10 Largest Rice Producing States in India 2018 – Bizvibe Blog". www.bizvibe.com. 23 March 2018. Retrieved 24 October 2018.[permanent dead link‍]
  28. ^ "Government Policy Notes".
  29. ^ "M. S. Swaminathan Research Foundation". mssrf.
  30. ^ "2015 agricultural output of Tamil Nadu based on 2011 prices" (PDF).
  31. ^ "An overview of Mineral Reserves". Government of Tamil Nada. Archived from the original on 4 March 2016. Retrieved 16 August 2006.
  32. ^ "Tamil Nadu Mining".
  33. ^ "TEDA catalyses renewable energy sector growth in Tamil Nadu". Archived from the original on 28 September 2006. Retrieved 28 October 2006.
  34. ^ "Tapping the Wind – India". February 2005. Archived from the original on 21 February 2007. Retrieved 28 October 2006.
  35. ^ Watts, Himangshu (11 November 2003). "Clean Energy Brings Windfall to Indian Village". Reuters News Service. Archived from the original on 30 June 2006. Retrieved 28 October 2006.{{cite web}}: CS1 maint: unfit URL (link)
  36. ^ "Default Parallels Plesk Panel Page". Signetsolar.com. Retrieved 16 November 2012.
  37. ^ "» Signet Solar to invest Rs.20 bn in Tamil Nadu". www.siliconindia.com.
  38. ^ "Moser Baer signs MoU with State on setting up photovoltaic plant". The Hindu. Chennai, India. 10 June 2008. Archived from the original on 7 November 2012.
  39. ^ "Tamil Nadu faces largest power shortfall this year: Report – The Times of India". The Times of India.
  40. ^ "SAIL Plant". Archived from the original on 30 December 2006. Retrieved 10 November 2006.
  41. ^ "Southern Iron And Steel Company Limited, Pottaneri-m, Kalipatti Vi..." in.kompass.com. Retrieved 6 September 2021.
  42. ^ "Chemplast Sanmar Ltd". Archived from the original on 12 November 2006. Retrieved 10 November 2006.
  43. ^ "Clean Green Energy from Tamil Nadu, India". Retrieved 15 November 2006.
  44. ^ TNPL
  45. ^ "Tata group | Our businesses | Tata companies | Titan Industries". Tata.com. Archived from the original on 22 November 2012. Retrieved 16 November 2012.
  46. ^ "Vestas Webpage". Archived from the original on 15 October 2006. Retrieved 10 November 2006.
  47. ^ "Pump industry gears up for road ahead". @businessline. Retrieved 24 October 2018.
  48. ^ "Salem - SEZ | ELCOT". elcot.in. Retrieved 6 September 2021.
  49. ^ Sangeetha Kandavel (29 August 2015). "TCS jumps the gun in campus hiring". The Hindu. Archived from the original on 16 October 2015. Retrieved 29 August 2015.
  50. ^ a b Example include Tidelpark and ITP Chennai Archived 14 November 2006 at the Wayback Machine
  51. ^ a b "Ticel Bio Park". ticelbiopark.com.
  52. ^ a b "Institute of Small Enterprises and Development". www.isedonline.org. Archived from the original on 19 November 2008.
  53. ^ "Sebastian Mallaby - Detroit's Next Big Threat". Washingtonpost.com. Retrieved 11 June 2022.
  54. ^ Mallaby, Sebastian (5 December 2005). "Detroit's Next Big Threat". Washington Post. Retrieved 21 August 2021.
  55. ^ "Ashok Leyland bags defence vehicle order". The Hindu. 24 August 2018 – via www.thehindu.com.
  56. ^ Madhavan, D. (11 June 2016). "Think Avadi, think defence". The Hindu – via www.thehindu.com.
  57. ^ "Seven firms seek land allotment at aero park in TN". @businessline. 24 February 2017.
  58. ^ "Defence Corridor to come up in TN". @businessline. 16 March 2018.
  59. ^ "The Man Who Tries To Make It Big in India". magazine.outlookindia.com.
  60. ^ Shukla, Ajai (16 March 2018). "Firms eye opportunities as Sitharaman talks up defence industrial corridor". Business Standard India – via Business Standard.
  61. ^ "Airbus: Tamil Nadu set to fly as Airbus eyes state for manufacturing unit | Chennai News - Times of India". The Times of India. 10 March 2018.
  62. ^ Narasimhan, T. E. (21 April 2018). "Airbus shortlists eight states for helicopter assembling facility". Business Standard India – via Business Standard.
  63. ^ Staff Reporter (19 May 2018). "L&T Defence to manufacture ISRO rocket engines in Coimbatore". The Hindu – via www.thehindu.com.
  64. ^ "Coimbatore could soon manufacture small arms and ammunition | Coimbatore News - Times of India". The Times of India. 22 December 2017.
  65. ^ "Defence innovation centre to come up in Coimbatore | Coimbatore News - Times of India". The Times of India. 8 January 2018.
  66. ^ "Tamil Nadu for using Salem Steel Plant's land for defence corridor: CM". Deccan Chronicle. 30 June 2018.
  67. ^ Ramesh, M. (29 October 2018). "L&T JV to export missiles to Europe from Coimbatore SEZ". @businessline.
  68. ^ Kumar, Chethan. "Tamil Nadu to build India's next generation defence aircraft". The Economic Times.
  69. ^ "Flextronics signs pact for Chennai facility". Archived from the original on 2 September 2010. Retrieved 10 November 2006.
  70. ^ "Ericsson India Private Ltd". Archived from the original on 7 November 2007. Retrieved 10 November 2006.
  71. ^ Hariharan, Sindhu (4 March 2022). "Reliance invests Rs 1,670 crore to set up EMS venture in Chennai with Sanmina". The Times of India. ISSN 0971-8257. Retrieved 16 September 2024.
  72. ^ "Insights". Nokia.
  73. ^ Rohit, T K (18 June 2009). "TN gears up for mobile turf war". The Times of India. Archived from the original on 24 October 2012.
  74. ^ Rohit, T K (10 August 2009). "1 in 2 persons in TN has a cellphone, State at Present Has 4Cr Mobile Subscribers, Second Only To Maharashtra". The Times of India (Chennai ed.). p. 3. Archived from the original on 13 September 2011.
  75. ^ "AISHTMA". www.aishtma.com. Retrieved 25 October 2018.
  76. ^ "Leather exports from India: Going strong!". www.ibef.org. Retrieved 25 October 2018.
  77. ^ "Top 5 Indian States Exporting Leather Products to Other Countries". Eximfile. 6 April 2018. Archived from the original on 30 July 2018. Retrieved 25 October 2018.
  78. ^ "ACTIVITIES AND SCHEMES OPERATED BY DISTRICT INDUSTRIES CENTRE, VELLORE DISTRICT". Vellore District Administration. Retrieved 22 January 2011.
  79. ^ "Home". indianbank.in.
  80. ^ "Home". iob.in.
  81. ^ "Karur Vysya Bank". KVB. Retrieved 11 June 2022.
  82. ^ "Welcome to City Union Bank". www.cityunionbank.com.
  83. ^ "LVB is Now DBS | Personal, NRI & Premium Banking". Lvbank.com. Archived from the original on 4 August 2018. Retrieved 11 June 2022.
  84. ^ "Tamilnad Mercantile Bank Limited". Archived from the original on 18 July 2018. Retrieved 18 July 2018.
  85. ^ www.equitasbank.com https://www.equitasbank.com/. {{cite web}}: Missing or empty |title= (help)
  86. ^ "Home | Tamil Nadu Grama Bank". www.tamilnadugramabank.com. Retrieved 6 September 2021.
  87. ^ "Repco Bank". www.repcobank.com.
  88. ^ "Growth of the Bank". 2 April 2014.
  89. ^ "Tamil Nadu Infrastructure Development".
  90. ^ "National Highways in Tamil Nadu". Ministry of Road Transport and Highways, Govt. of India. Retrieved 24 January 2012.
  91. ^ "National Highway Authority of India". Archived from the original on 4 March 2016. Retrieved 25 March 2010.
  92. ^ "tnhighways Resources and Information". ww16.tnhighways.org. Archived from the original on 1 January 2024. Retrieved 1 January 2024.
  93. ^ "Tamil Nadu ranks 2nd in road projects under PPP". Business Standard India. 19 November 2012. Retrieved 3 December 2012.
  94. ^ Highways, roads to be upgraded in Tamil Nadu blonnet.com August 2006
  95. ^ "Chennai metro's 1st underground line opens". thehindubusinessline.com. 14 May 2017. Retrieved 27 December 2017.
  96. ^ Transportation in Tamil Nadu Archived 25 February 2007 at the Wayback Machine
  97. ^ "Creation of the Tamil Nadu Maritime Board".
  98. ^ "Dedicated ports new craze in autoville | IBEF". www.ibef.org.
  99. ^ "Kamarajar Port Limited". www.ennoreport.gov.in.
  100. ^ Official website for Tuticorin Port Archived 31 July 2008 at the Wayback Machine
  101. ^ "Yahoo Search - Web Search". in.search.yahoo.com. Retrieved 1 January 2024.
  102. ^ "Tamil Nadu most popular tourist destination for domestic travellers". Times of India. 4 July 2014. Retrieved 5 July 2014.
  103. ^ Tamil Nadu, Andhra Pradesh build temple ties to boost tourism. The Times of India. (10 August 2010).
  104. ^ "Status of IT industry in Tamil Nadu". ELCOT. Archived from the original on 8 November 2006. Retrieved 16 August 2006.
  105. ^ "TN software exports double in last 4 years to Rs 82,445 cr". Business Standard India. Press Trust of India. 25 March 2015 – via Business Standard.
  106. ^ a b Babu, Gireesh (12 June 2018). "Tamil Nadu's IT, ITeS exports pick up pace in 2017-18, grow 8.55%". Business Standard India – via Business Standard.
  107. ^ "IT investments in Tamil Nadu down by 12% to ₹39,831 crore". @businessline. 11 July 2019.
  108. ^ Correspondent, A. "Infosys setting up giant centre in Chennai". Rediff. {{cite web}}: |last= has generic name (help)
  109. ^ "Chennai most attractive city for offshoring services". Archived from the original on 11 March 2007. Retrieved 10 November 2006.
  110. ^ "Here's why Chennai is the SAAS capital of India". 25 August 2018.
  111. ^ "A silent SaaS revolution is brewing in Chennai - Times of India". The Times of India. 18 January 2019.
  112. ^ Samuel, Prabin (9 February 2020). "SaaSBooMi — The Shocking Secret why Chennai is the SaaS Capital of India!". Medium.
  113. ^ a b "Chennai is SaaS capital of India: Edappadi K Palaniswami". Deccan Chronicle. 11 October 2018.
  114. ^ Goyal, Malini. "Chennai is quickly turning into the new hotbed for deep-tech startup". The Economic Times.
  115. ^ "Tax Revenue Receipts" (PDF). Tamil Nadu Government. Archived from the original (PDF) on 7 April 2005. Retrieved 16 August 2006.
  116. ^ a b "Finance Commission Report". Finance Commission of India. Archived from the original on 28 March 2006. Retrieved 16 August 2006.
  117. ^ "Archived copy" (PDF). Archived from the original (PDF) on 8 November 2006. Retrieved 10 November 2006.{{cite web}}: CS1 maint: archived copy as title (link)
  118. ^ "The Hindu : State's debt position 'alarming'". Archived from the original on 21 January 2005. Retrieved 11 June 2022.
  119. ^ Karunanidhi rebutsthaindian.com Archived 27 May 2010 at the Wayback Machine
  120. ^ "Tamil Nadu: Deeper in debt - BusinessToday". Businesstoday.in. 5 August 2011. Retrieved 11 June 2022.
  121. ^ "Archived copy" (PDF). Archived from the original (PDF) on 23 May 2012. Retrieved 21 October 2012.{{cite web}}: CS1 maint: archived copy as title (link)
  122. ^ Nagaraj, R; Motiram, Sripad (2017). Political Economy of Contemporary India. Cambridge, United Kingdom New York, NY, USA Port Melbourne, Vic, Australia Delhi, India Singapore: Cambridge University Press. ISBN 9781107164956. Retrieved 4 September 2024.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Economy_of_Tamil_Nadu&oldid=1258388951"