Tamilnadu – The Ideal Investment Destination

Are you considering investing in Tamilnadu? Several factors make this Indian state an ideal destination for your investments.

 The region has attracted a lot of foreign direct investment (FDI) and foreign portfolio investment, which has opened up new avenues to the economy of Tamilnadu. Many companies like Microsoft, BlackBerry Ltd., Google parent Alphabet Inc., and Philips have expanded their capacities in the area in recent years. It is also home to large manufacturing industries such as automobiles, aircraft spare parts, ships, motorcycles, and pharmaceuticals that have helped generate export earnings for the state. In terms of investment opportunities, there are many prominent zones like Chennai Trade Zone near Chennai Airport with proximity to international traders. In addition, many industrial parks, IT parks, and SEZs (Special Economic Zones) offer you a wide range of investment opportunities.

There are already several other foreign firms and industrial park setups in Tamil Nadu, India.

Moreover, the state is also highly industrialized, with many of the top companies in India having their factories and facilities spread across Tamilnadu. The automobile industry is primarily concentrated in this region due to its proximity to ports. Apart from IT, this sector attracts most foreign companies.

Tamilnadu may have seen high economic growth, but there is still scope for improvement. However, the growth has been considerable, the government has taken some strong policy decisions, and the GDP growth rate has been more than 89% in the last few years. Moreover, the economy of this area has seen a steady increase over time thanks to globalization and liberalization policies that have been implemented by the Centre Government of India and Tamilnadu governments.

Investing in Tamilnadu is a lucrative opportunity with growth potential, and it offers investors a lot of opportunities. You can invest here through several vehicles like equity, bonds, deposits, or FDI after obtaining government clearances, and we at Vision Capital Advisors can help you do this.

Industrial parks and upcoming projects

The development of industrial parks has brought a revolutionary change in the country’s economy. Industrial parks can positively influence the progress of the business environment, the transfer of modern technologies, and the structuralizing and modernization of industry in any economy.

Industrial parks strengthen the base of small and medium-size towns to increase land use and decrease rural-urban migration. In addition, firms located in industrial park frequently use the services of local companies, creating not only backward and forward linkages but also diffusing economic learning to the broader business community.

Benefits of industrial parks

India being a developing country, gets economic benefits from industrial park. They represent an excellent opportunity to bring foreign investment and increase the chances of employment amongst the citizens. Industrial park are a great help in the growth of a county’s economic level.

They provide the best plots and spaces according to the need of factories or corporate sectors. Industrial parks offer facilities for all sectors to benefit from. Moreover, industrial parks represent an opportunity of getting foreign investment and decrease unemployment by giving jobs and other benefits of regional industrial development of the economy.

Talking about Sojitz Motherson Industrial Park (SMIP) is a joint venture of a development project by Motherson Group, India, and Sojitz Corporation, Japan.

The Manufacturing Industrial Park is located at a distance of 45 kms from Chennai, India. The park has been designed to serve auto ancillary manufacturing units, light engineering units, warehouses, and factories for rent.