He further said that his state is observing the developments in neighbouring Karnataka, and that “every threat is to be taken seriously”. “If we invest one rupee in capital investment, we want to match that with external investment,” he added. In Delhi to meet Union Finance Minister Nirmala Sitharaman as well as inaugurate an office of his party, the Dravida Munnetra Kazhagam (DMK), PTR also said that the Tamil Nadu government will soon host investor events in multiple countries abroad, namely Singapore, the United States of America and the United Kingdom, for starters. There are people actively raising this with us and our government is working on it,” he told ThePrint.
“There is a massive interest, and we are already in the race. However, he refused to comment on whether these companies were coming from Karnataka or elsewhere. In an interview with ThePrint, Tamil Nadu Finance Minister Palanivel Thiagarajan (PTR), too, said that IT companies were showing “great interest” in his state, and that many of them wanted to set up shop in Tamil Nadu.
Sources in the Tamil Nadu government told ThePrint that inquiries from IT companies have started coming in “in recent times”, but the firms didn’t offer any reason for their plan to shift out of Karnataka.
New Delhi: In the midst of a series of developments that have led to communal polarisation in Karnataka, many information technology (IT) firms based out of Bengaluru have reached out to the Tamil Nadu government, seeking to shift their businesses, ThePrint has learnt.