Tamil Nadu is situated in the south-eastern side
of the Indian peninsula. It is the most urbanized Indian state with
eight cities exceeding onemillion in population. Given its favourable
industrial climate, Tamil Nadu’s importance as an investment
destination will continue to attract attention. Tamil Nadu is developing
a single-window clearance procedure with respect to industrial estates
and parks and proposes to delegate the power of clearance to the
committees in the industrial estates. The state is also rich in human
resources and has a high rate of literacy.
Land area: 130,058 sq. km.
Population: 55.9 million
Capital: Chennai
Per Capita Income: Rs 8,941
Inflation Rate: 7.1%
Incentives:
- Investment subsidy of 20% of fixed assets (up to Rs 2,000,000)
for units in most backward areas
- Investment subsidy of 20% (up to Rs 2,000,000) of fixed assets
for new electronics and leather units
- Capital subsidy of 10% of fixed assets for medium-scale units in
thrust-sector industries
- Capital subsidy of 20% of fixed assets for small-scale units in
thrust-sector industries
- Subsidies of between Rs 2,500,000 and Rs 1 crore for projects
with investment up to Rs 50 crore
- Power subsidy of up to 40% for units located outside the Chennai
metropolitan areas
- 15% reimbursement (up to Rs 500,000) of the cost of generators
installed for captive use
- An additional subsidy of 5% (up to Rs 500,000) for new units with
more than 30% women employees
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