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Tamil Nadu to launch energy sector policy to improve investment climate and attract Foreign Direct Investment

The Indian state of Tamil Nadu one of the pioneers in renewable energy and the leader in Wind Energy with about 43% of the installed capacity in India has released a Solar Road map for the state in December last year.

Earlier this month, Tamil Nadu Chief Minister J Jayalalithaa said that with Chennai practically having everything that moves – from bicycles to battle tanks, tractors, and even rail-road coaches, “it is set to emerge as one among the top five global auto-clusters”.

“My vision is to make the city as the world’s largest auto-cluster”, she said.

It was in this context that her government was proposing to bring out the “Vision Document 2025″ meeting the expectations of the industry leaders, she said.

“This document will contain clear-cut policies for promoting investments in infrastructure like power, ports, ship building. There will be special emphasis on renewable energy like solar power”, she said.

According to reports, “Tamil Nadu is all set to become a new growth model in India with the launch of sector-specific industry policies within the next two to three months,” said Principal Industries Secretary, N. Sundradevan on Monday.

Speaking at a seminar , he said Tamil Nadu had immense potential and it was currently considering a number of new initiatives such as the sector specific industry policy to improve the investment climate and attract more Foreign Direct Investment.

Talking to reporters, he said the drafts were ready and the first in line would be the launch of energy sector policy. This would be followed by the release of industrial policy that would include automobile, manufacturing and infrastructure sectors.

One comment

  1. That’s great. A US based organisation wish to a partner an Indian Organisation for FDI. Can any one suggest how to go about this. Thanks.

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