~9% of India’s Overall GDP
14.22% Annual Growth Rate
11.04% of India’s Manufacturing GDP
9% of India’s Total Exports
“Tamil Nadu is witnessing an increasing inflow of investments since 2021 as the State government enjoys the respect and goodwill of investors and an excellent industrial ecosystem. I envision making Tamil Nadu a $1 trillion economy by 2030 and the growth engine of India’s economy,” says M. K. Stalin, the Chief Minister of the southern state Tamil Nadu.
Tamil Nadu, India’s second-largest state economy, stands as the nation’s most industrialized region, playing a pivotal role in India’s economic landscape. Renowned for its diverse industrial opportunities, the state attracts global investors with its established ecosystem, business-friendly government, advanced infrastructure, abundant resources, skilled workforce, and strategic proximity to major ports.
The recently concluded Tamil Nadu Global Investors Meet 2024 witnessed a flurry of investment announcements across various sectors. The event saw the active participation of nine partner countries—USA, UK, Japan, Australia, France, Germany, Denmark, Singapore, and South Korea and international partners viz., Western Australia and Taipei Economic & Cultural Centre (TECC) by collaborating with the Government of Tamil Nadu enhancing the international dimension of the occasion.
This story is from the February 2024 edition of Manufacturing Today.
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This story is from the February 2024 edition of Manufacturing Today.
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