TN CM reaches out to global heads of consumer goods firms

The Chief Minister had written to heads of various companies, including Philips Medical Systems, Siemens Healthcare, Sirona Dental Systems and GE Healthcare. This shows that Tamil Nadu is the best destination for investment even in this pandemic situation."

Seeking to attract foreign investments,Tamil Nadu Chief Minister K Palaniswami has reached out to five global heads of prominent companies in the consumergoods sector by writing to them personally, the government saidhere on Saturday. Outlining the investment attractiveness and inherent advantages of Tamil Nadu, the Chief Minister pointed out the facilitation support provided for business and industry to further their growth and assured a customised incentive package as per their requirements.

Palaniswami has written to Chief Executive Officer, Kate Spade,Liz Fraser, Chairman, Fossil Group, Kosta Kartsotis, CEO, Nike, John Donhoe,CEO, Adidas AG, Kasper Rorsted and CEO, Mattel Inc Ynon Kreiz,an official release said. Due to the impact caused by COVID-19 to the world economy, many overseas industries are likely to exit from certain countries and relocate their manufacturing activities in countries like India, the government said.

"The proactive steps taken by the government is already showingresults as evidenced by the fact that the State could recentlysign MoUs with 17 multinationals for foreign investments of Rs 15,128 crore. This shows that Tamil Nadu is the best destination for investment even in this pandemic situation." Palaniswami has taken several steps for attracting foreign investmentsinto Tamil Nadu and it includes formation of country specific investment facilitation desks and diplomatic outreachprogrammes and constitution of Special Task Force to promote investments, the government said.

Days ago, he had written to leaders of global pharmaceutical companies, inviting them to set up units in the state, promising them attractive packages. The Chief Minister had written to heads of various companies, including Philips Medical Systems, Siemens Healthcare, Sirona Dental Systems and GE Healthcare.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)