TN CM forms special team to attract investments from other countries

Chennai: With business establishments reportedly deciding to vacate a few countries due to coronavirus impact, the Tamilnadu government is planning to make use of the ‘opportunity’.

Today, Chief Minister Edappadi K Palaniswami formed a special committee chaired by Chief Secretary K Shanmugam to attract such investments from companies belonging to Japan, South Korea, Taiwan, Singapore and the United States.

An official release said that the State government is keen to make the State’s economy to bounce back immediately after the coronavirus episode ends.

Stating that some companies based out of the above countries have decided to vacate their facilities in a few countries, it said the Tamilnadu government would take all necessary steps to make them establish their facilities in the State.

 

NT Bureau