Only TN is logging 8% GDP: CM

Updated: Nov 19,2020 12:36 GMT

social social social social Only TN is logging 8% GDP: CM

IANS

Tags: Business
Chennai, Nov 19 (IANS) Tamil Nadu Chief Minister K. Palaniswami on Thursday said that his state is the only one in the country, logging eight per cent gross domestic product (GDP) with agriculture and factories operating to near full capacity.

He also said even during the Covid-19 pandemic period, Tamil Nadu got the highest amount of fresh industrial investments and it is the only state to have started largest number of new factories in the country.

Palaniswami was speaking at a government function in Salem district after inaugurating various completed projects and laying foundation stones for new projects.

He said Tamilnadu Magnesite Ltd on Thursday restarted its mining operations in Salem district after it was stopped in 2018 for want of permission from the Union Ministry of Environment.

After getting the necessary permissions the mining activity has restarted providing direct employment opportunity to 534 workers and indirect employment to about 2,000 persons.

He said 70 per cent of India's Magnesite is in Salem district and the product is used in iron and chemical industries.

Apart from raw magnesite, Tamilnadu Magnesite also makes lightly calcined magnesite, dead burnt magnesite and dunite.

Palaniswami taking a dig at DMK President M.K. Stalin said the latter cannot sleep without thinking about him at least once in a day.

"Wearing gloves, spectacles inside a room Stalin has been issuing media statements. Will virus come there? Did he come out? It is only AIADMK that works for the people," Palaniswami said.

Issuing a media statement daily Stalin can become a 'statement hero' his DMK party will not work for the welfare of the people, Palaniswami added.

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