This plant will manufacture aluminium die casting for trucks that would be both exported and for the domestic market. The plant is expected to commence in a year. In the present day VUCA (volatility, uncertainty, complexity and ambiguity) world, she stressed the need to utilise the strengths of the home ground to the best of its advantage and for a country like India, these include IP creation, diversification and frugal engineering. She pointed that no longer one single company could do everything and that they needed to collaborate in various capacities with different stakeholders to innovate and thrive.
At his chief guest address V Vishnu, IAS and MD of Guidance Tami Nadu pointed to how Tamil Nadu has disrupted the electronics supply chain and eco system with successfully assembling a entire iPhone from within the state. He said that the state competes with other nations like Vietnam, Malaysia and Mexico that are economies of comparable sizes. He pointed to plans for decentralised industrial development along Chennai – Hosur, Tirunelveli – Thoothukudi and Madurai – Tiruchi corridors with soon to be announced investment plans in Tiruchi. “In this highly disruptive world, it is necessary to be in top of order. As a state we are cautious of AI and looking to make Chennai a hub for AI and research. The best in-class research and academic infrastructure will enable this. We are also focussing on the aspects of sustainability, skilling and the impacts of geo politics,” highlighted Vishnu.
Ramkumar Shankar, Managing Director, Chemplast Sanmar has been elected as the President of the chamber and A Viswanathan, President, Delphi TVS Technologies Ltd as the Vice President.
