Media Coverage

Tamil Nadu strives to reclaim place in India's electronics industry map

Aug 20th, 2015

The state is showing every intent needed to be the one-stop shop for electronics manufacturing in the country

After a series of negative headlines following the Nokia fallout, Tamil Nadu now has something to cheer. The state is expected to get a key position in India’s electronics industry map. The government is also working on a new policy to give a boost to the sector, officials said.

Among the recent developments is Lenovo’s announcement that it will resume the Motorola facility near Chennai and produce six million units of Lenovo and Motorola phones in a year.

Another notable development is that Foxconn is reportedly in talks with the state government to start manufacturing in the state. Sony, too, has announced it will start manufacturing TV sets in the state, while Videocon's consumer durables factory is set to go on stream soon. Dell, too, has reportedly held talks to expand capacity.

These positive stories come soon after the Nokia facility near here was shut following tax disputes with the central income tax department. While the incident had dented Tamil Nadu’s image, the new developments have come at a right time for the state, gearing to hold a Global Investors’ Meet next month. According to officials, the target is to attract investment worth Rs 1 lakh crore.

Source:http://www.business-standard.com/article/economy-policy/as-lenovo-foxconn-show-interest-tn-finds-itself-on-electronics-industry-map-115081900319_1.html

09
10
Sept 2015

Global Investors
meet
-2015

Venue:
Chennai Trade Centre, Chennai, Tamil Nadu, India
Event Registration

10 Reasons to Choose Tamil Nadu

  • An economic powerhouse on a high growth trajectory
  • A global industrial and manufacturing hub
  • Robust physical infrastructure
  • Renewable energy capital of India
  • Innovation and Knowledge hub of India
  • Robust urban and social infrastructure with world class civic amenities
  • Strong tourism footprint
  • Path breaking policy initiatives and investor facilitation framework
  • New paradigm for industrial growth
  • Vision 2023 for inclusive growth and Development