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Why Invest In Tamil Nadu?

The Advantage of Investing In Tamil Nadu

  • Tamilnadu’s massive manufacturing sector makes it one of the fastest-growing economies in the country. Its surrounding cotton feeds a flourishing textile industry, contributing to the diversity of its economy.
  • Tamilnadu also holds many other economic features – for instance, it is a renowned manufacturing center producing specialized products intrinsic to the region, such as auto components, motors, and pumps, etc. The exports from the city range from poultry and jewelry to software.
  • Tamilnadu caters to the growing IT industry and is supported by a vast skilled labor pool and special economic zones (SEZs) that have attracted leading IT companies and technology service providers. The city also has a strong economy from medical tourism from various parts of the country.
  • Lately, information technology (IT) companies have stepped into the city. Tamilnadu is quickly developing as a hot destination for IT- and BPO-related services. Several IT parks have either already come up in the town or are under construction.
  • Tamilnadu is home to many engineering colleges. Thus, I.T. investment in this city was inevitable as the qualified workforce was readily available. The Tamil Nadu government's I.T. and ITES (I.T. Enabled Services) policies have played a vital role in developing the I.T. sector in Tamilnadu.
  • The city's economic base is expanding fast, and the government of Tamil Nadu is trying to keep pace with it by providing adequate infrastructure.
  • The government has proposed several projects to cope with the city's economic development. An agency called the Tamilnadu Urban Development Authority has been set up to look after the infrastructure projects in the city. Roads are being widened, and more flyovers are being built to improve accessibility to the city.
  • Tamil Nadu's government is encouraging the private sector's participation in the city's infrastructural development. The government is also taking appropriate steps to make the investment process in the city more accessible and is working towards removing procedural hurdles.
  • With booming commercial real estate, Tamilnadu has seen a significant increase in the demand for residential projects owing to its green pastures and likely retirement comfort. Especially around the key micro markets, namely R.S. Puram, Perur Road, Race Course, etc., the investments have risen exponentially due to 40% of the assets coming from people stationed in metros like Bengaluru, Chennai, etc. Additionally, areas on the city's outskirts are yet to be recognized for their potential level, creating much further scope for development.
  • In short, Tamilnadu makes for an ideal investment hub for reasons more than a singular one, and it's time we tapped its potential with the aim of a better life. It has been identified as one of the country's top 10 cities providing low-budget real estate investment opportunities. If you want to invest in Tamilnadu, Provident Green Park, a project by Provident Housing, is the perfect example of affordable luxury. This project has well-planned amenities, is spread over 9 acres, and offers 1, 2, and 3 BHK apartments. With most amenities within a short distance, the project is made of well-lit and warm flats surrounded by the much-needed amenities. Tamilnadu is a Jubilant city home to renowned entrepreneurs who have built huge conglomerates from scratch.

Innovate, Invest, Inspire

  • The GSDP at the current price of Tamil Nadu grew at a CAGR of 11.46 percent between 2011-12 and 2018-19. 
  • Total merchandise exports from the state stood at US$ 30.52 billion during 2018-19.
  • According to the Public Affairs Index 2018, Tamil Nadu ranks second in governance.
  • The state has a highly qualified, skilled, disciplined, productivity-oriented, English-speaking human resource pool.
  • Tamil Nadu produces nearly 4 lakh engineering & polytechnic students every year, the highest in the country.
  • From September 2017 to March 2018, 465,000 formal jobs were created in Tamil Nadu.
  • Tamil Nadu has well-developed social, physical, and industrial infrastructure and virtual connectivity.
  • Excellent road and rail network, three major ports, 15 minor ports, and seven airports provide excellent connectivity.
  • It is one of the first states in India to have 100 percent metalled road connectivity.
  • The state has a highly qualified, skilled, disciplined, productivity-oriented, English-speaking human resource pool.
  • Tamil Nadu has a range of manufacturing industries such as automobiles & components, castings & forgings, pumps & motors, garments & textile products, leather products, chemicals & plastics.
  • Tamil Nadu ranks first among all states regarding the number of factories and industrial workers.

FDI – Inflows And Investments

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Exports

  • Tamil Nadu is ranked second in terms of State Investment Potential Index.
  • Good Governance and Political stability
  • Peaceful law and order conditions
  • Uninterrupted power availability
  • Skilled manpower availability and harmonious industrial relations, etc.

MSME’s IN TAMIL NADU

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