The Tamil Nadu government has introduced a new policy aimed at attracting more investments in the automotive sector. The policy offers a range of incentives, including tax breaks, subsidies, and streamlined approval processes, to encourage both domestic and international companies to set up manufacturing units in the state.
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Chief Minister M.K. Stalin announced the policy, highlighting its potential to create jobs and boost the state’s economy. “Tamil Nadu has always been at the forefront of automotive manufacturing in India. This new policy will further strengthen our position and make us a global leader in the automotive sector,” he said.
The policy is expected to attract significant investments from major automotive companies, particularly in the areas of electric vehicles, autonomous driving technologies, and advanced manufacturing processes.
