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16 Oct 2019, Edition - 1555, Wednesday

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Tamilnadu News

Industry, government discuss ways to improve investment climate in the state

Covai Post Network

Top industrialists of the state called on chief minister Edapaddi Palaniswami to discuss what the government and the industry can together to do improve the investment climate in the state.

It is worrying that not many new investors are coming to Tamil Nadu and even those big companies with huge investments here are looking outwards in neighbouring states for their expansion.

The state government is also serious to repair the perception that the state was going through a phase of political instability following death of former chief minister J Jayalalithaa. In fact, senior ministers and the chief minister too, exude the confidence that the government and also the party was very stable.

It was amid this scenario that a delegation of top industrialists of the state, including Mr Venu Srinivasan, Past President, CII & Chairman, TVS Motor Company; Mr Vinod Dasari, Managing Director, Ashok Leyland Limited; Mr R Dinesh, Deputy Chairman, CII Southern Region & JMD, TVS &  Sons Pvt Ltd; Mr K M Mammen, Chairman & Managing Director, MRF Limited; Mr P Ravichandran, Chairman, CII, Tamil Nadu & President, Danfoss Industries Pvt Ltd; Mr M Ponnuswami, Vice Chairman, CII, Tamil Nadu & CMD, Pon Pure Chemical India Pvt Ltd;  Mr C K Ranganathan, CMD, CavinKare Pvt Limited and Mr P Shivakumar, CEO, Apollo Hospitals called on the chief minister at the Secretariat on Monday.

According to CII, discussions during the meeting focused on improving the investment climate in Tamil Nadu and deliberated on various ways of fostering socio-economic growth in the state.

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