Last updated on Jun, 26 2020
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 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 2015-16 and 2020-21, Gross State Domestic Product (GSDP) is expected to expand at a Compound Annual Growth Rate (CAGR) of 12.20 per cent to reach Rs 20.92 trillion (US$ 299.32 billion). Net State Domestic Product (NSDP) expanded at a CAGR of 12.17 per cent to touch Rs 16.73 trillion (US$ 231.49 billion) between 2015-16 and 2019-20.
In 2019-20, tertiary sector contributed 54.63 per cent to state’s Gross State Value Added (GSVA) at current prices, followed by secondary sector at 31.92 per cent.
As of March 2020, the state had a total installed power generation capacity of 32.84 gigawatt (GW).
According to Department for Promotion of Industry and Internal Trade (DPIIT), cumulative Foreign Direct Investment (FDI) inflow in Tamil Nadu and Puducherry stood at US$ 32.20 billion between April 2000 and March 2020.
Total merchandise export from the state stood at US$ 30.52 billion during 2018-19. During April-December 2019, export stood at US$ 22.90 billion.
IT & ITeS export from Tamil Nadu increased to Rs 1.39 lakh crore (US$ 19.9 billion) in 2018-19, at a growth rate of 10 per cent y-o-y.
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:
Note: * - according to Employees' Provident Fund Organisation (EPFO) data
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