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GST 2.0 rate cuts to propel growth across sectors in Tamil Nadu
['The Hans India']
Andhra Pradesh Breaking News, Telangana News, Hyderabad News Updates, National News, Breaking News
New Delhi: The GST 2.0 rate cuts will benefit Tamil Nadu across multiple sectors -- from traditional handlooms, handicrafts, coir and fisheries to modern industries like automobiles, electronics, renewable energy and defence, an official document said on Tuesday.
Tamil Nadu’s textile industry is not only one of the largest in India but also one of the most labour-intensive.
Tamil Nadu already houses several drone startups in Chennai, Hosur and Coimbatore, making it well-placed to lead this emerging sector.
Tamil Nadu hosts one of India’s strongest defence and aerospace corridors, with major facilities in Avadi (Chennai), Coimbatore, Trichy and Salem.
Together, these units, along with a growing network of MSMEs, make Tamil Nadu a critical contributor to India’s defence preparedness.
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