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Thursday, December 26, 2024 | 08:56 PM ISTEN Hindi

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Tamil Nadu plans to give relocation incentives for firms moving to state

Tamil Nadu houses over 620 Japanese companies, making it the home for the second largest number of Japanese companies operating in India

several migrant workers in West Bengal who took the long road home have not been paid their dues for over two months
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Relocation incentives will be provided for companies relocating to Tamil Nadu from other countries on a case to case basis

T E Narasimhan Chennai
In a bid to attract investors who are planning to relocate their manufacturing bases post Covid-19, Tamil Nadu said relocation incentives will be provided for companies moving to the state from other countries.

Tamil Nadu's Principal Secretary for Industries, N Muruganandam spoke on the challenges and emerging opportunities in Electronic Sector with the potential investors from Japan in a webinar organised by Ministry of Electronics and Information Technology and Indian Embassy. Several participants from companies such as Panasonic, Daikin, TDK Corporation etc have attended the webinar.

Tamil Nadu is the second largest economic powerhouse in India and is the most

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