Opportunities in Tamil Nadu: A Growing Economic Powerhouse
Tamil Nadu, with its strategic location and booming economy, offers a wealth of opportunities. With a strong consumer base, demographic dividend, and investor-friendly government initiatives, Tamil Nadu is set to attract investment. The state's strong market fundamentals, access to technology, and skilled labor make it an attractive destination for businesses. Discover why Tamil Nadu is a preferred choice for those seeking growth and prosperity.
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TAMIL NADU AN OPPORTUNITY BECKONS
Advantage India Growing domestic consumer base Demographic Dividend More than 800 million people under the age of 34 years Rising disposable income and urbanization 100% Urban population (million) and per capita disposable income (USD) 90% 80% Per capita disposable income 700 2000 70% Urban Population 600 60% 1500 500 50% 400 40% 1000 300 30% 200 20% 500 100 10% 0 0 0% 1991 2001 2008 Per capita disposable income 2030 2016 2021 45-49 2026 34 and below Urban population (million) 60 and above 55-59 50-54 40-44 35-39 Democratic set up and strong economic reforms Investor friendly Government Initiatives Progressive Economic Reforms Visionary Strategic Direction Strong Democracy
Advantage India Land of abundant natural resources and diverse climatic conditions World's largest democracy with 1.2 billion people Enabling business environment with greater global participation Strong market fundamentals Access to technology as a result of the IT revolution Impetus on infrastructure development Progressive simplification and rationalization of direct and indirect tax structures Competitively priced skilled labour
Strategic Location Tamil Nadu is well connected to the major cities of the world both by air and sea routes TAMIL NADU Frankfurt London Brussels Hong Kong Bangkok Direct flight route Major sea routes Destinations with growing potential Dubai, Sharjah, Abu Dhabi, Riyadh, Kuwait, Bahrain, Doha Kuala Lumpur Singapore Mauritius 1
10 reasons to choose Tamil Nadu 6
#1 An economic powerhouse on a high growth trajectory The State is the second largest contributor to India s GDP GDP growth propelled by Industries and Services sectors - decadal CAGR of 9% and 10% respectively GDP driven by Industries and Services sectors - accounting for 93% On a PPP basis, Tamil Nadu s GDP is 8.4% higher than Norway, Finland, Denmark, New Zealand, Vietnam, etc, ranking among the top 50 countries of the world 4
# 2 A global industrial and manufacturing hub Highest share of India s industrial workforce 16% Robust industrial ecosystem with right mix of over 40,000 largeindustries supported by over 900,000 SMEs Home to over 50 of Fortune 500 companies, and has received USD 13 billion in FDI from year 2000 to 2014 Highest share of total factories 17% Contributes more than 10% of the national output in paper, machinery, electronics, textiles, auto and auto components and leather products
#3 Robust physical infrastructure (1/2) Robust physical infrastructure in tune with the Percentage of India s major ports capacity modern times India s second longest coastline of 1076 km with 3 major ports and 16 minor ports that handled over 107 million tonnes of cargo in 2014 Excellent road network of over 62,000 km (of multi lane roads alone). TN has a road density of 177 km per 100 sq. km higher than the national average of 148 km per 100 sq. km State with one of the largest telecom markets and highest subscriber base 8.4% of the total subscriber base of India Only State in India with 4 international airports offering direct connectivity with over 20 countries Strong presence of multilateral agencies like JICA, World Bank, ADB etc. ensures continuous infrastructure capacity upgradation 15%
#3 Robust physical infrastructure (2/2) Land in existing 20 industrial parks/complexes Additional land bank to be created by the Government for industries (including six SEZs) with a total area of 24,055 acres allotted to over 2200 industries with a combined investment of USD 17 billion 8 industrial parks with a total area of about 9000 acres are at advanced stage of development in the State ~42,000 acres Additional focus on southern districts a land bank of 20,650 acres being created for industries, anticipated to bring in investment of ~USD 4 billion
#4 Renewable energy capital of India Fifth largest in the world in terms of wind power capacity Highest capacity of renewable energy in India More than 50% of the total power capacity in Tamil Nadu is from renewable sources Second largest in the country in terms of co- gen power plants State to be power surplus by year 2016, in view of the anticipated capacity additions, both in 8495 MW conventional and renewable energy sectors. The State has planned investment pipeline of $ 65 billion in Power sector as part of its Vision 2023
#5 Innovation and knowledge hub of India The State is home to 55 universities, 2267 colleges, 525 engineering colleges and 447 polytechnics making it a hub of knowledge creation and dissemination Highest number of technical universities in the country 400,000 engineers and technicians are added to the State s talent pool each year across specialisations mechanical, civil, electrical & electronics, computers and communication, chemicals, biotechnology, etc 18% State Government setting up Centres of Excellence in automotive, agriculture, solar & clean technology, aerospace GoTN has set up an innovation fund that rewards students, academic institutions and others engaged in R&D
#6 Robust urban and social infrastructure with world class civic amenities Chennai rated among world s 2o fastest growing cities Various studies indicate that Chennai, The most urbanized State in India Coimbatore, Madurai are rated among the most liveable cities in India. State Government is planning implementation of various sustainable initiatives in areas of urban transport, renewable energy, environment services and 48.5% urban redevelopment Chennai is the healthcare capital of India with robust network of over 300 multi- specialty hospitals with about 12,500 doctors 9
#7 Strong tourism footprint 244 million domestic tourists and 3.9 million foreign tourists visited Tamil Tamil Nadu ranks 1st in terms of domestic tourist arrivals and 2ndin foreign tourist arrivals in India Nadu in 2013 Investment of USD 1.7 billion planned to promote growth of tourism and hospitality sectors Tourism anticipated to grow at a robust pace due to the emergence of the State as a key business and cultural hub
#8 Path breaking policy initiatives and investor facilitation framework A robust and time-tested regulatory framework in place Policy-driven administration leading to transparency in decision-making Thrust on manufacturing sector and making SMEs vibrant Structured policy package for aerospace, IT/ITES on the anvil Higher fiscal incentives and special packages for investments in southern districts of Tamil Nadu Facilitated over 190 project proposals through single window facilitation, with cumulative investment of USD 10 billion Policies announced in 2014: - Industrial Policy - Automobiles and auto components policy - Biotechnology policy Structured fiscal incentive packages for mega, super mega and ultra mega projects Composite approval through single window on a fast track basis within 30 days of application
#9 New paradigm for industrial growth Phase IV Phase III Integrated large area developments Phase II Special economic zones Phase I Industrial estates Product clusters Special Investment Regions (> 100 sq. km in area) Industrial corridors Chennai - Bengaluru Madurai - Thoothukudi Petroleum, Chemicals & Petrochemicals Investment Region (PCPIR) IT Investment Region (ITIR) Aerospace and logistics park Industrial parks/townships 36 operational SEZs in Tamil Nadu in the following focus areas: 92 multi-sector industrial estates present across the state About 50 product clusters in Tamil Nadu focusing primarily in automobiles, textiles, engineering, leather, chemicals, etc Multi-product IT/ITeS Auto/auto ancillaries Electronics hardware Hi-tech engineering Food processing Bio-informatics Footwear Transport equipment Level of integration
# 10 Vision 2023 for inclusive growth and development Sustained GSDP growth targeted at 11% per annum, with a goal to reach per capita income of USD 10,000 by 2023 Almost 80% of infrastructure investment planned in energy, transport, water supply, industrial/commercial activities and urban infrastructure. GoTN has already identified projects Commitment from GoTN through Project preparation fund and other vehicles to enhance financing infrastructure projects 42% of the targeted investment is proposed to be under the PPP model providing great opportunity for players in infrastructure development and financing businesses Planned investment for infrastructure development 217 high priority USD 250 billion sources for
Avenues for Collaboration Sector Focus Agro-food processing Advantage Tamil Nadu The State is among the top producers in a variety of fruits and vegetables in India Tamil Nadu- Malaysia synergy Overseas Indians constitute about 8% of Malaysian population of which over 75% are Tamil Malaysians. Diverse soil and climatic conditions favorable for growing a variety of horticulture crops Malaysia is the world s largest exporter and the 2nd largest producer of palm oil, 5th largest producer of pepper and Asia s largest cocoa grinder. Four Agro-export zones , an existing Food park and a Spices park Partnerships can be forged for transfer of technology in the areas of food processing, packaging and supply chain logistics. Upcoming food processing SEZ SMEs can be a focus area for investments.
Avenues for Collaboration Sector Focus Advantage Tamil Nadu Tamil Nadu- Malaysia Synergy Chemicals and Petrochemicals Tamil manufacturing chemical factories Nadu has a diversified base and petrochemical The Petroleum and Petrochemicals industry is one of the leading industries in Malaysia. PETRONAS is one of the largest Oil and Gas Companies in Malaysia of 2500 The State has presence across the value chain Partnerships can be forged with chemical and petrochemical based industries in investments in the areas of high performance chemicals and petro chemicals A delineated investment region called PCPIR has been planned for the establishment of chemical and petrochemical industries. Malaysia for
Avenues for Collaboration Sector Focus Advantage Tamil Nadu Tamil Nadu- Malaysia Synergy Infrastructure A total investment outlay of USD 250 billion has been initiated under the Tamil Nadu Vision 2023 . 80% of this investment is initiated in Energy, Transport, Urban Infrastructure and Infrastructure projects A MoU on Cooperation relating to the Provision of Technical Assistance Services on Highway Management and Development was signed in December 2010 between India and Malaysia. Industrial Malaysian Infrastructure companies can focus on development of infrastructure such as highways in the State Infrastructure development encouraged through Public Private Partnership (PPP)
