Tamil Nadu continues to hold investment destination tag
ECONOMY & POLICY

Tamil Nadu continues to hold investment destination tag

Tamil Nadu, a popular investment destination, managed to attract over Rs 1 trillion in investments from various companies in 2022, a year that brought both challenges and opportunities to the southern state. It faced difficulties as a result of various issues such as the Russia-Ukraine conflict or the suspension of production at the nearby US automaker Ford, among others. This year, Tamil Nadu signed memorandums of understanding with over 60 companies, which committed to investing Rs 1.25 trillion and creating approximately 75,000 new jobs.

Chief Minister M K Stalin has been reaching out to investors on a variety of platforms in order to make Tamil Nadu the most appealing investment destination in South Asia and to promote 'Made in Tamil Nadu' products throughout the world. The government also claimed that Tamil Nadu was the only state in the country to experience 'positive growth' during the COVID-19-enforced lockdown, while the rest of the country experienced negative growth.

Also Read:
Housing Minister releases new guidelines for ranking cities
NHAI invites bids for 4-laning of road in Karnataka

Tamil Nadu, a popular investment destination, managed to attract over Rs 1 trillion in investments from various companies in 2022, a year that brought both challenges and opportunities to the southern state. It faced difficulties as a result of various issues such as the Russia-Ukraine conflict or the suspension of production at the nearby US automaker Ford, among others. This year, Tamil Nadu signed memorandums of understanding with over 60 companies, which committed to investing Rs 1.25 trillion and creating approximately 75,000 new jobs. Chief Minister M K Stalin has been reaching out to investors on a variety of platforms in order to make Tamil Nadu the most appealing investment destination in South Asia and to promote 'Made in Tamil Nadu' products throughout the world. The government also claimed that Tamil Nadu was the only state in the country to experience 'positive growth' during the COVID-19-enforced lockdown, while the rest of the country experienced negative growth. Also Read: Housing Minister releases new guidelines for ranking cities NHAI invites bids for 4-laning of road in Karnataka

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code