How Tamil Nadu has sustained industrial investment growth despite Covid-19
How Tamil Nadu has sustained industrial investment growth despite Covid-19 | India Today Insight
The state has been aggressively wooing business investments over the past year
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UPDATED: January 6, 2021 20:19 IST
Tamil Nadu Chief Minister E K Palaniswami at the 72nd birth anniversary celebrations of late AIADMK supremo J Jayalalithaa, February 24, 2020 (Phtoo by Jaison G)
Despite the Covid-19 pandemic, lockdown and other uncertainties, Tamil Nadu has swung mega ticket deals in various sectors through 2020 to live up to its image as a favourite investment destination. Even as the state heads into an election year, it has managed to bag huge investments with the government stepping up efforts to attract investments by forming committees under chief secretary K. Shanmugham and former RBI governor C. Rangarajan.
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
Source: Pixabay
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.