The Tamil Nadu state government unveiled its Vision 2023 plan which lays out future infrastructure development worth $25 billion (Rs1.5 trillion), reported the Economic Times.
"Tamil Nadu is an industry-friendly state and a big manufacturing hub with presence of many internationally renowned multinationals," Tamil Nadu Industries Minister P Thangamani said today in Mumbai, at a roadshow for Tamil Nadu Global Investors Meet 2015, due to take place in Chennai in September.
According to the minister, the state government has already signed 33 MoUs with private companies which will create around 162,000 jobs.
Among private sector players, the Mahindra Group has already committed an investment of Rs40bn in Tamil Nadu, Mr Thangamani said, adding that companies such as MRF, Renault-Nissan Alliance, CPCL, Lotus Chocolate and Amway India have also shown interest.
The Tamil Nadu government already conducted road shows in France, United Kingdom, Japan, South Korea, Singapore, Malaysia and Germany. In addition, domestic road shows were conducted in Bengaluru, Hyderabad, New Delhi, Ahmedabad and Coimbatore.
Similar road shows would be organised in China and Taiwan and within India in Pune, Mumbai, Kolkata, Salem, Madurai and Thoothukudi, The New Indian Express reported.
China to establish consulate in Chennai (01 April 2015)
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