City
Epaper

Tamil Nadu's Space Policy to attract investment of Rs 10,000 cr says Minister Rajaa

By ANI | Updated: April 18, 2025 12:37 IST

Chennai (Tamil Nadu) [India], April 18 : Tamil Nadu's Space Policy plans to attract an investment of Rs 10,000 ...

Open in App

Chennai (Tamil Nadu) [India], April 18 : Tamil Nadu's Space Policy plans to attract an investment of Rs 10,000 crore into Tamil Nadu's space sector, highlighted T R B Rajaa, Minister for Industries, Government of Tamil Nadu.

In a social media post, the minister said, "Tamil Nadu is strapping on boosters to liftoff into the #spacetech orbit! In a landmark decision today, the Tamil Nadu Cabinet has approved the Tamil Nadu Space Industrial Policy 2025, a bold blueprint to catapult our state into the high-orbit economy of space technology and advanced manufacturing."

He described this new policy as a bold blueprint to launch the state into a high-growth economy driven by space technology and advanced manufacturing.

The minister also shared that the policy is built on three major pillars: attracting Rs 10,000 crore worth of investments into the space sector, creating at least 10,000 high-value jobs for the youth, and developing a skilled workforce ready to take on future opportunities in space technologies and services.

The minister stated that, under the leadership of Chief Minister M.K. Stalin, the policy is not just a mission plan, but a key step toward achieving the state's goal of becoming a one trillion-dollar economy.

T R B Rajaa emphasised that the policy is not only about rockets and satellites. It aims to build a complete space ecosystem within the state. This includes all elements such as payloads, platforms, launchpads, and data analytics.

The government is creating special industrial zones called TNSpaceBays to support this vision. These zones will welcome MSMEs, deep-tech startups, R&D units, and global companies looking to invest in space technology from Tamil Nadu.

With this step, Tamil Nadu is aiming to become a hub for innovation, advanced manufacturing, and employment in the space sector. From launchpads to laboratories, the state is setting the stage for a new chapter in its development, reaching for the stars with strong policies and clear vision.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

NationalJustice Surya Kant to take oath as 53rd CJI today

OpinionsTejashwi, Prashant Kishor Fell Victim to their Own Arrogance

NationalIndian Navy to commission anti-submarine ship 'Mahe' today

InternationalFormer Bangladesh PM Khaleda Zia hospitalised with chest infection, under intensive observation

InternationalDruze-Israeli appointed deputy commissioner Israel Prison Service

Business Realted Stories

BusinessNitin Gadkari highlights need to use technology, AI to boost farmers' incomes

BusinessPM Modi calls for global AI compact at G20 summit; announces summit in India

BusinessHave set trade target of 50 billion USD by 2030 with Canada: PM Modi

BusinessG20 Summit: South Korea, India to forge deeper cooperation in economy, security

BusinessJ&K to host launch of 1st limestone block auction roadshow tomorrow