Industrial Potentiality and Entrepreneurial Avenues in Tamil Nadu

Abstract

Tamil Nadu has a diversified manufacturing sector and features among the leaders in several industries like automobiles and auto components, engineering, pharmaceuticals, garments, textile products, leather products, chemicals, plastics, etc. It ranks first among the states in terms of number of factories and industrial workers. Tamil Nadu has a well-developed infrastructure with an excellent road and rail network, three major ports, 15 minor ports, and seven airports across the state providing excellent connectivity. This paper highlights the Industrial Potentiality and Entrepreneurial Avenues in Tamil Nadu by taking into account Number of Registered Units, Investment, Employment, achievement of New Entrepreneur-Cum-Enterprise Development Scheme, various subsidy schemes, Amma Skill Training & Employment Scheme and Micro and Small Enterprises Facilitation Councils. The researcher used trend analysis, correlation analysis, t test, test of significance, Compound Annual Growth rate and exponential growth rate to measure the growth of various components. The study shows that there are positive strides in different entrepreneurial schemes which shows and paves the way for the young generation to step into entrepreneurial activities to overcome unemployment by exploiting the opportunities of entrepreneurship.