Tamil Nadu attracts highest FDI

CHENNAI: With India being the emerging powerhouse of 21st century, Tamil Nadu

is becoming the favorite destination for investments among other States in the

country, according to C Chandramouli, secretary, Department of Information

Technology.






Speaking at a panel discussion, “IT Hardware-Unleashing India's Manufacturing
Potential,” organized by the Southern India Chamber of Commerce and Industry in

Chennai, the State IT official elaborated on the competitive advantages of Tamil

Nadu.






“Proactive government, skilled manpower availability, strong law and order
management, low wage rates and low cost of living and uninterrupted power supply

are the few things, which made Tamil Nadu as the ultimate destination for

investments,” he said.






Chandramouli said, “Tamil Nadu has attracted 2700 foreign direct investment (FDI)
proposals in the last one year, thanks to the industry-friendly climate that

prevails here. Nokia, Flextronics, Motorola, Foxconn are to name a few.”






Comparing Tamil Nadu with China, which is another important FDI destination,
Chandramouli said that wage rates are about 10 to 12 per cent low in Tamil Nadu.

He said that Tamil Nadu is having a notable share in the country in many

industrial sectors including software, hardware, automobile, and cotton.






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