Better infrastructure made TN favourite investor destination

Investors from across the country and abroad were looking at Tamil Nadu as an investment destination and there was no need for the state to go in search of investors, said industries minister M C Sampath in the state assembly on Tuesday . He said due to better infrastructure in the state, investors were keen to invest only in Tamil Nadu, which is also a “peaceful haven“ compared to other states in terms of law and order situation.

But DMK legislator K Pitchandi said the state should take steps to attract investors.“Like Andhra Pradesh chief minister N Chandrababu, our ministers should visit various countries and woo investors to Tamil Nadu,“ said Pitchandi.The state must sign MoUs with Railways to get more manufacturing companies to the state to build new coaches and up grade their quality . “These companies can be set up in constituencies like Kilpennathur in Tiruvannamalai distirct,“ he said.

Sampath replied saying there TN was a preferred destination for investors. “During the Global Investors Meet in 2015, several companies signed MoUs and also invested in the state. During the GIM next year too, there will be more companies which will be interested in investing in the state,“ said Sampath even as his party MLAs cheered.

Legislators from other parties, including AIADMK, wanted industries to be set up in their constituencies.“There is no industry in Kadayanallur constituency which is famous for mangoes and coconut. There can be industries which can make mango pulp or coir products,“ said Kadayanallur MLA Mohammed Abu Backer.