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Tamil Nadu CM invites chiefs of Amazon, Apple to invest in State

Stepping up its efforts to attract investments in Tamil Nadu, the state government on Friday said Chief Minister K Palaniswami has written to top global leaders of Apple Inc. and Amazon among others inviting them to set up shops in the state promising 'customized incentive package' to them.  

PTI PTI
Chennai Published on: May 29, 2020 23:36 IST
Tamil Nadu CM invites chiefs of Amazon, Apple to invest in State
Image Source : FILE

Tamil Nadu CM invites chiefs of Amazon, Apple to invest in State

Stepping up its efforts to attract investments in Tamil Nadu, the state government on Friday said Chief Minister K Palaniswami has written to top global leaders of Apple Inc. and Amazon among others inviting them to set up shops in the state promising 'customized incentive package' to them.

The initiative by the government comes in the backdrop of the companies mulling exit from 'certain countries' following the COVID-19 outbreak and relocate their manufacturing bases to countries including India. As part of its initiatives to boost the industrial climate in the state, the government recently signed memorandum of understandings with various companies committing investments of Rs 15,128 crore.

An official release on Friday said, the government has taken several steps to attract investors across the globe and the Chief Minister decided to personally reach out to 13 global heads of prominent companies by writing to them.

Some of the top leaders include -- Apple CEO Tim Cook, Samsung President and CEO Kim Hyun Suk, Amazon.com chief Jeff Bezos, Hewlett-Packard CEO Enrique, the release said. The letters to the industry leaders outline the advantages of Tamil Nadu offering support for business and

also promises a 'customized incentive package' as per the requirement of the companies, the release said. The Tamil Nadu government already constituted a Special Investment Promotion Task Force under Chief Secretary K Shanmugam to identify potential investors, frame guidelines
for expediting single-window clearances, formulate special incentive package among others.

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