TN Govt to set up agency to attract foreign investment

Chennai, June 15 (KNN) Tamil Nadu government has decided to set up an agency to attract foreign investment and cooperation in state Micro, Small and Medium Enterprises (MSMEs).

Chief Minister K Palaniswami recently announced that the proposed MSME agency will work towards attracting investment, besides getting foreign cooperation for such units.

The agency will function as a coordinating agency for providing single window clearance for MSMEs in Tamil Nadu, to enter into agreements with trade and industry bodies and those proposing investment policies.

The Chief Minister made several announcements in the Assembly including subsidy scheme for MSMEs.