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Industry Minister TRB Rajaa Said-Tamil Nadu Aims for $1 Trillion Economy with ‘Industry 4.0’ Approach

Industry Minister TRB Rajaa reiterated the government’s unwavering commitment to collaborate with the esteemed World Economic Forum in the creation of the India Centre for Advanced Manufacturing.

Chennai, 22 August(City Times): Industry Minister TRB Rajaa emphasized the significance of embracing ‘Industry 4.0’ principles to propel Tamil Nadu towards its ambitious goal of achieving a $1 trillion economy by 2030. This vision was underscored during a significant public-private discussion in the city, jointly organized by the Tamil Nadu government and the World Economic Forum.

Advancing Manufacturing with ‘Industry 4.0’

Addressing the gathering, Industry Minister TRB Rajaa highlighted that embracing the principles of ‘Industry 4.0’ is pivotal for translating the esteemed Chief Minister MK Stalin’s target of a $1 trillion economy in Tamil Nadu into a tangible reality. This forward-looking approach was echoed by more than 20 prominent business leaders who participated in the event, convened specifically to deliberate on the establishment of the ‘India Centre for Advanced Manufacturing’ in Chennai.

Collaborative Dedication to Innovation and Progress

Industry Minister TRB Rajaa reiterated the government’s unwavering commitment to collaborate with the esteemed World Economic Forum in the creation of the India Centre for Advanced Manufacturing. He accentuated the state’s role as a pioneer in propelling India’s economic growth and positioning itself at the vanguard of the Fourth Industrial Revolution. This center, poised to be a catalyst for innovation, sustainability, and research and development efforts, will leverage the global expertise of the World Economic Forum and draw insights from Guidance Tamil Nadu to prioritize local needs and aspirations.

Focusing on Future Realities

Delving into the center’s scope, the dialogue identified three pivotal areas of concentration. These encompass technology adoption and innovation, fostering collaboration between industry and academia, and promoting sustainable production practices. Notably, the conversation was enriched by active participation from diverse sectors including electronics, automobile manufacturing, and general industrial domains. Government entities like the MSME Department, TIDCO, and TNSDC were also represented, signifying comprehensive involvement.

A Digital Transformation Journey

Industry Minister TRB Rajaa concluded by highlighting the ongoing journey of digital transformation already underway in Tamil Nadu. He underscored that the state’s ascendancy as an advanced manufacturing hub will further amplify these endeavors. As the state gears up to solidify its position in the realm of cutting-edge manufacturing, Rajaa’s remarks offered a glimpse into the strategic amalgamation of technological innovation, collaborative synergy, and a resolute drive towards sustainable progress.

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