Tamil Nadu, which is frequently touted as a favourite investment location, was able to secure over Rs 1 lakh crore in commitments from various corporations in 2022, a year that presented the southern state with both chances and challenges.
It had to deal with difficulties brought on by a variety of problems, including the crisis between Russia and Ukraine and the halt of production at US automaker Ford nearby, among others.
Tamil Nadu signed memoranda of understanding this year with more than 60 businesses, committing investments totaling Rs. 1.25 lakh crore, which would create almost 75,000 new employment.
Chief Minister M K Stalin has been reaching out to investors at various platforms to make Tamil Nadu become the most attractive investment destination in South Asia and endeavour towards ‘Made in Tamil Nadu’ products reaching all parts of the world.
