Tamil Nadu emerges as top Investment Destination
India is believed to be one of the potential investment destinations among global investors despite many hurdles like political uncertainty, shortage of power supplies, etc. At present, the country has a promising potential in terms of growth and diversification possibilities and offers high growth potential practically in all areas of business. But in 2020, India saw its lowest in 5 years in fresh investments due to the extended pandemic-included lockdown. India accounted for a total of Rs 97,859cr fresh investments in the first quarter of FY 21, out of which Tamil Nadu, constituted about 18.75% 17 MoUs The Tamil Nadu government had signed 17 MoUs (memorandums of understanding) with investors on May 27, 2020, which gave a ₹18,236 crore fillip to its investment pipeline in the quarter between April and June. While private sector investments, on the whole, collapsed to just 39.1% of total investments in the quarter, a ratio last seen in the first a quarter of 2013-14, Tamil Nadu attra