A quarter of a century after liberalisation brought global manufacturing giants to Nadu, another Investment boom is on. The state has clocked the highest rate of Growth in investments nationally in the April-December 2021 period, ahead of Gujarat, Andhra Pradesh and Maharashtra, according to the latest survey by Projects Today.
With total investments of Rs 1,43,902 crore from 304 projects up from Rs 36,292 crore in the year-ago period TN has clocked a jump of Rs 1,07,610 crore in the first nine months of the fiscal. Add to this a nearly $2 billion infusion in private Equity and VC funding and you get an idea of why Invest TN 2.0 is a real thing.
Part of it is fuelled by the EV boom which has brought more than Rs 19,868 crore of investments to the state. But, investments are also flowing into automotive manufacturing, IT and electronics, aerospace and DEFENCE, textiles, pharma and general manufacturing, say Industry and analysts.