Tamil Nadu emerges as top Investment Destination
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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