CHENNAI: According to Tamil Nadu Industrial Guidance and Export Promotion Bureau Executive Vice-Chairman M Velmurugan, the state has attracted investments to the tune of Rs 28,000 crore in 2012. Despite the economic downturn being witnessed globally, the state accrued investments in various sectors.
This also includes investment in the automobile sector. The council facilitates movement of proposals between the industry and the government. This makes it easier for the state to set up business establishments and attract investment. Gross State Domestic Product (GSDP) for the state grew at 15.3 per cent (CAGR) from 2004-05 to 2011-12. While Tamil Nadu was the fourth largest economy of India three years back, it became the second largest last year.