NE NEWS SERVICE
CHENNAI, MAY 16
The Special Investment Promotion Task Force set up by the Tamil Nadu government to woo overseas investors met here on Saturday and discussed ways and means to attract investments from companies planning to relocate to India following the impact on the global economy caused by the coronavirus pandemic.
Guidance & GoTN's 'special investment promotion task force' led by Chief Secretary & attended by 16 high-profile members to attract investments from #Japan, #SouthKorea, #Taiwan, #Singapore & the #USA is underway to position #TamilNadu as the ideal investment destination in India pic.twitter.com/iMIejVgoFt
— Guidance Tamil Nadu (@Guidance_TN) May 16, 2020
The task-force headed by the Chief Secretary K Shanmugam. It has representatives from business associations, companies from Japan, South Korea, Taiwan, Singapore and USA, Secretaries of Finance, Industries, MSME, Guidance Bureau as its members During the meeting at the Secretariat, Korean auto-major Hyundai Motor India Limited Chief Executive Officer S S Kim, Tractors and Farm Equipment (TAFE) Ltd Chairman Mallika Srinivasan, IT major ZOHO Chief Sridhar Vembu, representatives from industry body Confederation of Indian Industry took part and offered their views, a press release said.
The Tamil Nadu government had in April announced the formation of the task force to attract overseas investors who planned to relocate from certain countries post-coronavirus outbreak.
The government had said that due to the adverse impact on the global economy by COVID-19, many industries located overseas are likely to exit from certain nations and relocate their bases to countries like India.
