Tamil Nadu government will make Hosur industrial town as a key export hub in the state, said Tamil Nadu Chief Minister MK Stalin.
Mr Stalin made this announcement after inaugurating Tamil Nadu Exports Conclave in Chennai yesterday.
He said the government has identified 10 export hubs across the state such as Coimbatore, Chennai, Hosur, Tirupur, Kancheepuram, Karur, Madurai, Ambur, Tuticorin and Pollachi.
The Chief Minister said the government would strengthen export related common infrastructure projects in these places by reimbursing 25 per cent of the project cost, subject to a ceiling of Rs 10 crore per hub.
Export Promotion Policy
Also in the event, the Tamil Nadu Chief Minister has released Tamil Nadu Exports Promotion Policy (TNEPP) and MSME Exporters Handbook in the conclave.
The conclave is part of nationwide events to commemorate the 75th anniversary of Indian Independence (Azadi Ka Amrit Mahotsav).
In total the conclave signed MoUs for 24 projects attracting a combined investment of Rs 2120.54 crore that would generate employment for 41,695 persons.
Of which, Krishnagiri district gained four projects with a combined investment of Rs 105 crore.
Varsha Stones International is investing Rs 50 crore while Bapuji Surgicals to inject in an investment of Rs 35 crore, creating 400 jobs.
Meanwhile, JK Safety Gear Company is committed with Rs 10 crore and Amaryllis Healthcare Rs 10 crore. Both the companies will create jobs for 500 and 400 persons respectively in the region.