He added, the state provides the best incentives and support system in the region. It also provides Special Investment Promotion Task Force to attract investors from countries which are planning to relocate their manufacturing bases post Covid-19.
Relocation incentives will be provided for companies
relocating to Tamil Nadu
from other countries on a case-by-case basis.
Tamil Nadu houses over 620 Japanese companies, making it the home for the second largest number of Japanese companies operating in India. The state also has the largest Japanese expat community in India.
Tamil Nadu single window clearance system avoids procedural delays in getting statutory clearances from various authorities. Japanese company, Yamaha Music got all the clearances in less than 30 days through Single Window mechanism.
Guidance, the nodal agency of Tamil Nadu government for investment promotion and single-window facilitation, has a dedicated Japan Desk to handhold investments from Japan.”
Pitching for electronic industry, he said, Tamil Nadu ranks second in terms of electronics and hardware manufacturing in India and has a huge potential to become number one.
The electronics exports from Tamil Nadu in 2017-18 was $1.27 billion. Tamil Nadu has a presence of 20 plus electronic hardware technology parks based in major IT centric SEZ’s. Tamil Nadu has a huge market of downstream industries such as automotive electronics, mobile phones, computer hardware, industrial and strategic electronics etc.
Tamil Nadu is home to many major electronic manufacturing units. Some of them are Dell, Flextronics, Samsung, Foxconn, Delta, Panasonic, Nokia, Salcomp, BYD, Motorolla and many more. Tamil Nadu provides the best incentives and support system in the region.