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Tamil Nadu sets up group to attract firms exiting China

06 May '20
1 min read
Pic: Shutterstock
Pic: Shutterstock

The Tamil Nadu government has formed a new group, to be headed by the state chief secretary, to attract investment from several countries planning to diversify their operation base post COVID-19. The group also includes representatives of industrial bodies from these countries and industries, according to state chief minister K Palaniswami.

Industries from the United States, Japan, South Korea, Singapore and Taiwan are planning to shift operations to countries like India from China and some other nations, Palaniswami said recently in a statement.

Many such industries have already invested in Tamil Nadu, he was quoted as saying by media reports from the state.

The group will submit its first report containing the measures to be taken to attract investments in a month to Palaniswami.

ALCHEMPro News Desk (DS)

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