Latest update: May, 2019
Tamil Nadu is the fourth largest state of India. It has a diversified manufacturing sector and features among the leading states in several industries like automobiles, components, engineering, pharmaceuticals, garments, textile products, leather products, chemicals, plastics, etc. It ranks first among the states in terms of 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.
Between 2011-12 and 2018-19, Gross State Domestic Product (GSDP) expanded at a Compound Annual Growth Rate (CAGR) of 11.46 per cent to Rs 16.06 trillion (US$ 222.58 billion) whereas the Net State Domestic Product (NSDP) expanded at a CAGR of 11.45 per cent to Rs 14.41 trillion (US$ 199.69 billion).
According to the Department for Promotion of Industry and Internal Trade (DPIIT), cumulative FDI inflows in Tamil Nadu and Puducherry during April 2000 to December 2018 stood at US$ 29.28 billion. During 2017-18, total merchandise exports from the state stood at US$ 29.75 billion. During 2018-19^, the exports stood at US$ 27.44 billion.
Tamil Nadu Industrial Guidance & Export Promotion Bureau has been set up with the objective of attracting major investment proposals into Tamil Nadu.
Some of the major initiatives taken by the government to promote Tamil Nadu as an investment destination are:
Note: * - according to Employees' Provident Fund Organisation (EPFO) data, ** - Vision 2030,
^ - Upto February 2019
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