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State tops in attracting investment

By Our Special Correspondent

CHENNAI APRIL 25 . Tamil Nadu stood first in attracting investment in the manufacturing sector as on January 2003, according to a study conducted by the Centre for Monitoring Indian Economy (CMIE).

The study covered various States. As on January 2003, the total investment in the State was to the tune of Rs. 43,492 crores, while it was Rs. 37,306 crores in April 2001, the Chief Minister Jayalalithaa, told the Assembly today. The investment in January this year was 16.58 per cent more than what it was in April 2001.

"In the corresponding period, Tamil Nadu posted the highest growth rate, whereas many States registered a negative trend. The CMIE study also said the neighbouring Karnataka was placed sixth, Andhra Pradesh seventh and Kerala ninth," she noted.

Pointing out that the AIADMK Government had been taking steps to create a climate conducive to industry and triggering industrial growth and make Tamil Nadu investment-friendly in view of competition among the States, Ms. Jayalalithaa recalled her assurance to the House that she would make it No.1 State in all respects and said "the CMIE report underlines our achievement".

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