Tamil Nadu Budget 2012: Govt to draw Rs 20k cr investment

Chennai, Mar 26: State Finance Minister O Panneerselvam on Monday, Mar 26 presenting the 2012-13 budget said that government would sign series of agreements with Japanese two-wheeler giant Yamaha and many other firms in next six months which will give around Rs 20,000 crore to the state.

"Memorandum of understanding (including Yamaha) are expected to be signed very soon,” Mr Panneerselvam said, adding that the State Government was confident of attracting Rs 20,000 crore of investment in the next six months." said Mr. Panneerselvan.

Besides this, as many as 11 companies are in constant touch with Tamil Nadu govt to finalise their investment.

Moreover, Yamaha would be the second two-wheeler company after TVS Motor to set up base in Tamil Nadu.

OneIndia News