Tamil Nadu attracts over $4 bn investments from US firms
The Dollar Business Bureau Tamil Nadu has attracted huge investments worth more than $4 billion from US firms in various sectors including automobiles, textiles and pharmaceutical sectors. This was revealed by the Tamil Nadu Industries Minister M C Sampath during a conference hosted by the Indo-American Chamber of Commerce in Chennai on Tuesday. The minister said that the US and the state of Tamil Nadu share good trade relations. Around 250 US business firms have their presence in this state providing direct employment to over 1.75 lakh people and indirect employment to more than 2.50 lakh people. The state is one among the top three industrial states in India, contributing 11% of the total industrial production in the country. Stating further he said ...
Tamil Nadu eyes Rs 1 lakh crores foreign investment by end of May 2016
Jayarama Emani | The Dollar Business Principal Secretary, Tamil Nadu Government, S Krishnan addressing the delegates as part of the promotion activity for Global Investors Meet (GIM) – 2015 to be held in Chennai on May 23rd and 24th, 2015. The Indian State of Tamil Nadu (TN) is organising a Global Investors Meet (GIM) – 2015 on May 23rd and 24th, 2015 at the Chennai Trade Centre, Chennai. Speaking exclusively to The Dollar Business, S. Krishnan, Principal Secretary, TN Government, Planning & Development Department said, “The State Government is targeting to attract Rs 1 lakh crores foreign investment in infrastructure, manufacturing and services by May 2016.” The official went on to add that Tamil Nadu is ranked third, next only ...
