Despite lockdown, Tamil Nadu manages to attract Rs 66,000 crore investments in 2020
The labour-intensive real estate, besides the MSME sector seemed to bear the brunt of the lockdown, with many housing projects coming to a grinding halt and industrial units downing shutters. PTI
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Stung by the COVID-19 induced lockdown in 2020 that severely impacted many businesses, Tamil Nadu however, sought to bounce back with mega ticket deals in various sectors later, seeking to live up to its image of a favourable investment destination.
The labour-intensive real estate, besides the MSME sector seemed to bear the brunt of the lockdown, with many housing projects coming to a grinding halt and industrial units downing shutters.
Ahead of polls, relief sought for MSMEs
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Present government is making efforts but they are not enough, says consortium
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Present government is making efforts but they are not enough, says consortium
The Consortium of Indian Associations (CIA) has urged all parties in the State to consider a range of relief measures for micro, small and medium enterprises (MSMEs), ahead of the upcoming Assembly election next year.
“Efforts are being made by the present government to bring new business entities from other States and countries into Tamil Nadu but much more needs to be done for MSMEs/entrepreneurs based in the State,” according to a statement issued by K.E. Raghunathan, convenor, CIA.