He said as per the Automotive Mission Plan 2006-2016 India was set to emerge as the destination of choice in the world for design and manufacture of automobiles and auto components with the output reaching a level of 145 billion US Dollars providing additional employment to 25 million people by 2016.
The DMK government was committed to capitalising this opportunity and attract a major share of investment flows.
‘To achieve this objective, our government is currently formulating a new policy for
Automobiles and Components and it will be ready soon.’
He said Chennai has emerged as India’s largest automobile and auto components manufacturer and exporter in India.
‘From bicycles to battle tanks, everything that moves is being manufactured in Chennai. With six car projects — Ford, Hyundai,
BMW, Renault, Nissan and Mitsubishi-HM — Chennai is now emerging as one of the top ten Global Automobile manufacturing centre’, he added.
Stalin said Chennai would have an installed capacity to produce 12.80 lakh cars and 3.50 lakh commercial vehicles each year.
‘This translates to an output of three cars every minute and one Commercial vehicle every 75 seconds’, he said, adding during 2008-09. Chennai produced 5.60 lakh passenger cars, accounting for 30.6 per cent of India’s production.
With the largest auto components industry base, Tamilnadu accounted for around 32 per cent of India’s production capacity, Stalin said.
‘Abundant availability of skilled manpower in automobile engineering, excellent port logistics, reliable infrastructure, favourable investment climate and pro-active government support are the primary reasons for making Tamilnadu the home of automobile manufacturing’, he added.
Stalin said notwithstanding the current global slowdown, Tamilnadu has been attracting a large number of domestic and foreign investors, thanks to government’s transparent policy and quick response to investment proposals.
Stating that the government was honouring the commitments made to investors, he said the state was one of the major recipients of industrial investments.
‘Recently, the State government passed a legislation to create an, empowered Single Window Mechanism, to further speed up approvals’, he said, adding this would help transform the Chief Minister M Karunanidhi’s vision of making Tamilnadu as the most favoured investment destination in the country.
Lauding the Renault-Nissan management for establishing the car project in Tamilnadu, Stalin said with the commissioning of the car project, Chennai’s leadership position in automobile sector has been further strengthened.