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 attracted large players like Daimler India Commercial Vehicles for a ₹2,277 crore project at Oragadam and the largest power project announced in the quarter (a 750 MW gas-based plant with an outlay of ₹3,000 crore)
  • Two private sector projects worth ₹2,900 crores in the State for producing windmill equipment and semiconductor chips, accounted for a bulk of the 16 machinery sector investment proposals worth ₹3,678 crores across the country

Data Centers




The State is also host to three of the five data centers envisaged to come up in the country at a total investment of ₹7,400 crores. The other two data centers are proposed in Maharashtra, which was second to Tamil Nadu with fresh investments worth ₹11,228.8 crores. Maharashtra had signed 12 MoUs with firms from Singapore, South Korea, and the U.S. through a virtual Magnetic Maharashtra summit.


Tamil Nadu - Key Indicators



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