Outstanding investments attracted by Tamil Nadu in IT
Posted on: 26/Jul/2016 11:28:08 AM
Associated Chambers of Commerce and Industry of India (Assocham) in a statement has mentioned that it is worrisome to note that the IT sector`s share in the total outstanding investments attracted by Tamil Nadu has constantly fallen since 2010-11 from 3.1 percent.
Assocham has asked the Tamil Nadu state government to arrest the continuous decline in the share of IT sector in investments attracted by Tamil Nadu by creating a more vibrant IT ecosystem. Uninterrupted power supply, streamlining regulatory process at a single point together with speedy grant of approvals, clearances, permissions required to settle an industrial enterprise in a transparent manner also can go a long way in attracting investors in large numbers.
The total outstanding investments attracted by Tamil Nadu in the Information technology (IT) sector may reach Rs 27,857 crore mark by 2020 from the level of about Rs 15,000 crore attracted by the state as of 2015-16
