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Tamil Nadu govt to invite global auto OEMs to invest in state

Friday, 05 Jun 2020
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Tamil Nadu Chief Minister Edappadi K Palaniswami will personally write to 11 global heads of major automobile companies seeking investment in the state.

The auto companies are Volkswagen, Skoda, Mercedes-Benz, Audi, LUXGEN TAOYUAN Motor, Honda, Toyata, BMW, Jaguar Land Rover, General Motors, Chevrolet and Tesla.

The letter will outline the investment attractiveness and inherent advantages of the state and offer support for business and industry to further their growth and promise a customised incentive package as per their requirement.

The Chief Minister had taken several steps to attract foreign investments into Tamil Nadu. This includes creation of country-specific investment facilitation desks, diplomatic outreach programmes and constitution of a special task force for investment promotion.

The Chief Minister had constituted a special Investment Promotion Task Force under the Chairmanship of Chief Secretary for attracting these investments.

The steps taken by the government are already showing results with the state recently signing memorandums of understanding (MoUs) with 17 foreign investors for Rs 15,128 crore.

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