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Investment in pending in Tamil Nadu increased by Rs 2,61,709.92 crore from April 2011-June 2015

FDI into the state increased by two times compared to 2000-2011 level

Investment in pending in Tamil Nadu  increased by Rs 2,61,709.92 crore from April 2011-June 2015

BS Reporter Chennai
"Investment in pending has increased by Rs 2,61,709.92 crore between April 2011 and June 2015 in Tamil Nadu. The FDI flow into the state has increased two times to Rs 60,620 crore, compared to 2000 and 2011," said P Thangamani, Minister for Industries and Transport.

While quoting Centre for Monitoring Indian Economy (CMIE's) data the minister told the State assembly today that investment in pending in April 2011 was Rs 7,38,233.88 crore and this increased to Rs 9,99,943.80 crore in June 2015.

Department of Industrial Policy and Promotion (DIPP) statistics showed between 2011 and May 2015 the state attracted FDI to the tune of Rs 60,620 crore as compared to Rs 33,105 crore between April 2000 and April 2011, said the Minister.

 

In the last two years FDI into the state has increased almost two times compared to 11 years period (between 2000 and 2011).

Central Statistical Organisation (CSO) data showed 39,869 factories are operating in the state and around Rs 2,92,260.06 crore was invested in these factories .

Tamil Nadu is in the third position at the national level. Value of the produce from these factories was Rs 6,19,525.33 crore.

Tamil Nadu manufacturing sector has increased its production to Rs 4,80,618 crore in 2014-14 from Rs 4,47,944 crore in 2012-13.

As far as MSME sector is concerned, the state ranks number one with 1,16,393 registered units, which is 32.04 per cent of the total registered MSME units in the country.

Number of new MSME units registered in 2014-15 was 143,104, through this the state has received Rs 24,349.65 crore and number of jobs created by these units was 6,51,180.

According to a Federation of Indian Exports Organisation (FIEO) report, exports from Tamil Nadu was Rs 2,15,400 crore in 2013-14 and the state was ranked number three in the country.

In the last four years 33 MoUs worth Rs 31,706 crore were signed by the Tamil Nadu, of which 17 companies have finished construction and started production. These companies have invested Rs 1,668.8 crore and generated 15,617 jobs. Another 53 projects worth Rs 11,395.81 crore through single window clearance.

SIPCOT

The State Industries Promotion Corporation of Tamil Nadu Limited (Sipcot) an institution owned by the Government of Tamil Nadu, currently has 20 industrial parks, six SEZs in 12 districts of the state.

Till now 31645 acres of land was acquired by the company, of which 24,115 acres were given to 2,262 to industrial units and another 19,774 acres has been alloted, said the Minister.

These units invested Rs 1,02,283 crore and 6.02 lakh direct and indirect jobs were created.

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First Published: Sep 04 2015 | 6:28 PM IST

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