The Government of Tamil Nadu in its press release dated 1st June 2020 has invited 17 institutions to invest in the state offering the state government’s support in the form of customized incentive packages.
Due to the Covid-19 lockdown, the world economy has been affected and many overseas industries are likely to exit from certain countries and relocate their manufacturing activities to countries like India. The government of Tamil Nadu has constituted a special Investment Promotion Task Force under the chairmanship of the chief secretary to attract investments.
The task force would also identify key infrastructure projects including dedicated industrial townships that needs to be undertaken or expedited to attract investments. Besides, it would identify measures for fast-track clearances to promote these investments. It would also recommend outreach activities and brand building to position Tamil Nadu as an attractive investment destination and other related measures.
Click here to read the Press Release.
