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The Southern India Mills’ Association

Committed to Foster the Growth of the Textile Industry

Pondy CM V Narayanasamy woos Coimbatore industry

The Chief Minister of Puducherry, Mr. V Narayanasamy on Saturday invited industrialists from the western region of Tamil Nadu to invest in the Union territory. He was speaking here at the inaugural of the ‘Indian Business Congress’ awards function.
Speaking on the occasion, he said, “Karnataka is top among States in India which attracts 24 per cent foreign investment and Tamil Nadu received mere four per cent of total foreign investments that came into the country last year. However, Puducherry is expecting better contribution from local industrialists, particularly from western region of Tamil Nadu.”
He noted that the present Congress-led Puducherry government has taken all steps to ensure a peaceful environment for running industries.”The Puducherry government has ensured better environment for industries with allocation of required lands. We are taking steps to improve traffic movement, besides ease of doing business through single windows clearance. We invite industrialists from the textile hubs including garment and textiles from the western districts,” said Mr. Narayanasamy.
The Congress Chief Minister alleged that demonetisation and the GST have led to poor growth in GDP rate in the country and these issues must be overcome immediately.
Amar Prasad Reddy, chairman of Entrepreneurs Council of India (ECI), and T N Vallinayakam, president of ECI were among those present on the occasion.