In sync with Tamil Nadu’s aspirational target of becoming a $1 trillion economy by 2030-31, the manufacturing sector is making waves through use of innovative technologies. But the state is not restricting its ambition to manufacturing alone and is going all out to ensure that new-age sectors such as fintech and global capability centers (GCC) are also key drivers of the growth process.
The prestigious event, revolving around the theme of Tamil Nadu: India’s Rising Industrial Power, will have industries minister T R B Rajaa as the chief guest. He’s expected to take the audience through the fascinating journey that Tamil Nadu has undertaken with special emphasis on industry 4.0 in advanced manufacturing to achieve chief minister M K Stalin’s vision of a $1 trillion economy. With the manufacturing sector constituting around 33 per cent of the state’s gross domestic product, the attempt now is to leapfrog to the next stage.
The Business Standard event will see authoritative voices from diverse companies such as Nokia, Hyundai and more highlight the prospects and challenges in making Tamil Nadu a hub for India’s advanced manufacturing, as the topic for the first panel discussion of the day suggests.
Some of the rising stars of the fintech sector will also talk about the innovation that they are steering and how everything is adding up to Tamil Nadu’s new future. The session will see participation from Indian Bank, Kaleidofin, and Yubi too. The unprecedented response of the industry to the panel discussion on Rising Stars: GCCs and Fintech Driving Innovation is sure to make it a must-watch session.
The BS event, which will bring together top leaders from the industry and the Tamil Nadu government, will be webcast live on https://www.business-standard.com/. You can watch it live starting 9:45 am on December 18 or see the recordings later, both on the BS website and YouTube.
The key contractors of Apple like Foxconn and Pegatron, as well as suppliers like Salcomp, have played a major role in establishing Tamil Nadu as an electronic hub. Beyond electronics, existing strongholds like the automobile sector too are embracing advanced manufacturing at a faster clip.
The state, through its upcoming India Centre for Advanced Manufacturing in partnership with the World Economic Forum (WEF), is all set to support high end innovation, promote new business models and develop digital transformation for manufacturing companies.
Interestingly, the upcoming flagship event of the state — Tamil Nadu Global Investors Meet — scheduled in Chennai on January 7 and 8, will feature the future of manufacturing as well as GCC and fintech as among the main subjects. Ahead of the investors’ meet, the BS summit is setting the ground for some of the important talking points, with Tamil Nadu at the centre of it all.
First Published: Dec 17 2023 | 11:09 PM IST