Tamil Nadu Promises ₹1,370 Crore Investment to Counter Industry Shift to Andhra Pradesh

Tamil Nadu has announced a fresh investment drive to stem the migration of factories to neighboring Andhra Pradesh. State leaders Hwashin and Seoyon said the government will earmark ₹1,370 crore for new industrial projects and incentives. The pledge comes after a series of high‑profile companies cited tax and regulatory hurdles as reasons for relocating. Officials said the funds will target sectors such as textiles, electronics and agro‑processing, with the aim of creating jobs and boosting local supply chains. The announcement was welcomed by industry bodies, though critics warned that infrastructure and workforce training would also need to improve to retain businesses.