Tamil Nadu Regaining Industrial Investment Momentum

By Accommodation Times Bureau

jllJLL India Research

Industrial investments into Tamil Nadu have regained an upward curve despite ongoing political uncertainties in the state. Post the Global Investors meet for Tamil Nadu held in September 2015, the State was not very active in industrial investment promotional activities. However, the Department of Industries and Guidance and Export Promotion Bureau are diligently engaging with industries from across the globe who are willing to set up shop in the State.

Chennai is one of the top 10 global automotive clusters, and this sector continues to attract interest across various automotive ancillary units. The automobile and engineering companies already established in the state are actively deploying their expansion plans. Large original equipment manufacturers (OEMs) are insisting that their suppliers set up their facilities near their plants to enable them to maintain inventory support for just-in-time production.

For the current financial year, TN has a potential investments pipeline of over INR 19,033 crore. Since 2015, the state has seen over 46 investment proposals with cumulative investments of approx. INR 37,381 crore. The resulting employment commitment from industries is over 30,000 direct jobs in the semi-skilled / skilled and unskilled categories. Apart from industrial activities, the logistics and warehousing industry is extremely upbeat in the state and keeping the market active.





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