Tamil Nadu has a diverse manufacturing sector and is a national leader in a number of sectors, including engineering, pharmaceuticals, apparel, etc. In terms of the number of factories and industrial workers, it is ranked first among all the states.
Tamil Nadu is the fourth-largest state of India. It has a diversified manufacturing sector and features among the leaders in several industries like automobiles and auto components, engineering, pharmaceuticals, garments, textiles, leather, chemicals, plastics, etc. It ranks first among the states in terms of the number of factories and industrial workers.
Tamil Nadu Industrial Development Corporation Ltd (TIDCO), State Industries Promotion Corporation of Tamil Nadu (SIPCOT), Tamil Nadu Industrial Investment Corporation Limited (TIIC), and Tamil Nadu Small Industries Development Corporation Limited (TANSIDCO) are jointly developing industrial infrastructure in the state.
At current prices, Tamil Nadu’s gross state domestic product (GSDP) is estimated to be Rs. 24.85 trillion (US$ 320.27 billion) in 2022-23. The state’s GSDP increased at a CAGR of 11.27% between 2015-16 and 2022-23.
As of August 2022, the state had a total installed power generation capacity of 36.48 GW.
According to Department for Promotion of Industry and Internal Trade (DPIIT), between October 2019-December 2021, cumulative FDI inflows in the state amounted to US$ 7.09 billion between October 2019-June 2022. The state ranked fifth in India in terms of FDI inflows.
Total merchandise exports from the state stood at US$ 35.17 billion in FY22, and US$ 17.03 billion in FY23*.
Tamil Nadu Industrial Guidance and Export Promotion Bureau has been set up with an objective to attract major investment proposals to Tamil Nadu.
Some of the major initiatives taken by the Government to promote Tamil Nadu as an investment destination are: