Tamil Nadu is set to settle the Rs 2,900-crore tax dispute with Japanese automaker Nissan Motor in the next few months.
The development comes two months after the state revived Nokia’s mobile-manufacturing facility, once the world’s largest, which it closed down in 2014 owing to a Rs 21,000-crore tax dispute. Salcomp, Foxconn, and other companies have acquired the 210-acre facility in parcels.
The agreement with Nissan has got the Cabinet’s nod, said sources, adding it would be signed soon.
After taking office three years ago, Chief Minister K Palaniswami said his government would work on sorting out issues with both Nokia and Nissan,