Tamil Nadu houses over 620 Japanese companies, making it the home
for the second largest number of Japanese companies operating in India.
In a bid to
attract investors who are planning to relocate their manufacturing bases post Covid-19,
Tamil Nadu said relocation incentives will be provided for companies moving to
the state from other countries.
Tamil Nadu's
Principal Secretary for Industries, N Muruganandam spoke on the challenges and
emerging opportunities in Electronic Sector with the potential investors from
Japan in a webinar organised by Ministry of Electronics and Information
Technology and Indian Embassy. Several participants from companies such as
Panasonic, Daikin, TDK Corporation etc have attended the webinar.
Tamil
Nadu is the second largest economic powerhouse in India and is the most
sought-after investment destinations due to its strategic location, conducive
business environment, state-of-the-art infrastructure, proactive governance and
favourable ecosystem, said Muruganandam.
He added, the
state provides the best incentives and support system in the region. It also
provides Special Investment Promotion Task Force to attract investors from
countries which are planning to relocate their manufacturing bases post
Covid-19.
Relocation
incentives will be provided for companies relocating to Tamil Nadu from other
countries on a case-by-case basis.
Tamil Nadu houses
over 620 Japanese companies, making it the home for the second largest number
of Japanese companies operating in India. The state also has the largest
Japanese expat community in India.
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