Latest update: December, 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).
As of November 2019, the state had a total installed power generation capacity of 31.92 GW.
According to the DPIIT, cumulative FDI inflows in Tamil Nadu during April 2000 to September 2019 amounted to US$ 31.19 billion. Total merchandise exports from the state stood at US$ 30.52 billion during 2017-18. During April-September 2019, exports stood at US$ 15.33 billion. As of March 2019. IT & ITeS exports from Tamil Nadu have increased to Rs 1.39 lakh crore (US$ 19.9 billion) in 2018-19, at a growth rate of 10 per cent year-on-year.
As of November 2019, the state had 54 formally approved SEZs, 50 notified SEZs and four with in- principle approval SEZs and has total 40 exporting SEZs.
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
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