Tamil Nadu sees over twofold jump in investments
The Hindu
It received projects worth over 1 lakh cr. in 2020-21, only second to Maharashtra.
Fresh investments into Tamil Nadu more than doubled to over ₹1,00,000 crore during the pandemic-hit 2020-21, with the southern State witnessing the second highest investment outlay among all the States. Maharashtra, which got the highest investments in 2019-20, remained on top in 2020-21 as well. Tamil Nadu jumped from the ninth position in 2019-20, when 465 projects worth ₹47,833 crore were announced, to the second in 2020-21, with 573 projects worth ₹1,02,652 crore, as per data compiled for The Hindu by Projects Today, an independent firm tracking investment projects in the country. Tamil Nadu was ranked 12th among all States in 2018-19, with a 3.67% share of fresh investments into India of ₹16.86 lakh crore. While overall investments in 2019-20 dropped sharply to just ₹10.86 lakh crore, the State’s share had improved to 4.41% of the total investments in the country.More Related News