TN’s electronic exports surge reflects Dravidian model: CM

Chennai Tamil Nadu has become India's electronic goods export powerhouse, with its exports nearly tripling in one year to $5.37 billion in FY23 from $1.86 billion in the previous year.

This is due in part to the arrival of two major electronics manufacturers, Foxconn and Tata Electronics, as well as Salcomp and Pegatron, which have all started production in the state. As a result, Tamil Nadu has moved from the fourth spot in FY22 to the top spot in FY23, leaving behind three other dominant electronics manufacturing states in the country: Uttar Pradesh, Karnataka, and Maharashtra.

For the first two months of the current fiscal year, Tamil Nadu has retained the top spot. This is a testament to the state's vibrant ecosystem that encourages businesses to invest, innovate, and create. Tamil Nadu 'taking the crown' as India's electronic goods export powerhouse is an achievement that illustrated the Dravidian model of governance, Chief Minister MK Stalin said on Tuesday. On his Twitter handle, Stalin retweeted the State government's nodal agency for investment promotion, Guidance Tamil Nadu's tweet on TN's achievement in electronic exports in the country.

The @Guidance_TN said: "Tamil Nadu takes the crown as India's electronic goods export powerhouse, achieving an incredible milestone by exporting electronic goods worth $5.37 billion. With a relentless focus on fostering innovation, attracting investments, and nurturing entrepreneurship, Tamil Nadu continues to pave the way for the electronic sector's growth. It is a testament to the State's vibrant ecosystem that encourages businesses to invest, innovate, and create."

Stalin said: "This achievement is a small example of our #Dravidian Model governance. We strive to position Tamil Nadu as the first port of call for investors and make it the investment hub of South Asia. We will continue to explore opportunities and excel in them."