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Tamil Nadu set to settle Rs 2,900-crore tax dispute with Nissan Motor

State cabinet approves Rs 2,900-cr deal

Nissan
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T E Narasimhan Chennai
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,

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