Exports from Tamil Nadu, during 2011-2012, crossed $33.50 billion, 26 per cent higher than the previous year's export, according to the Federation of Indian Export Organisations (FIEO).
The State's share in 2011-2012 was 11 per cent of the country's exports. The growth rate registered by the State is higher than the national growth rate of 21 per cent, according to M. Rafeeque Ahmed, president of the FIEO.
In a release, the FIEO described the power shortage as a worrying factor. It also stated that as per the Vision 2023 document, investment to the tune of Rs.4.5 lakh crore was envisaged in the energy sector. Mr. Ahmed expressed hope that with Chief Minister Jayalalithaa's personal intervention in the energy issue, the sector will show improvement.