TN govt asssures full cooperation to Germen investments

Tamil Nadu government has assured full cooperation to German investments in the state and has sought its support for various development projects here.
This was conveyed to a visiting German delegation led by its Ambassador to India, Dr Martin Ney, who along with his associates called on Chief Minister J Jayalalithaa here yesterday.
Ney said in India, Tamil Nadu had the biggest portfolio of projects implemented with KfW (a German development bank) assistance, a state government release said today.
"The Ambassador indicated the keenness of Germany to extend assistance to the Smart City Project to be implemented in Coimbatore," it said, adding talks will be held soon in this regard.

The Ambassador also highlighted the existing areas of co-operation between Tamil Nadu and Germany in New and Renewable Energy including establishing the Green Energy Corridor, Intra-State transmission system and other urban infrastructure including storm water drainage and sewerage systems, urban mobility and transportation, it said.
Jayalalithaa thanked the German government for assistance extended to various projects in Tamil Nadu by KfW and the continued investment by German companies in the state.

She "assured the German delegation that Tamil Nadu would continue to extend its full co-operation for German investment in the state. (The) Chief Minister requested the continued co-operation and support of Germany for various developmental projects in Tamil Nadu," it added.

She also told the German delegation that the government's efforts in effectively maintaining law and order and ensuring social peace has helped making Tamil Nadu a favoured investment destination.
She pointed out that a number of German and other multinational automobile companies were pioneers in investing in Tamil Nadu and had contributed "in making it India's automobile hub".
Ney also congratulated Jayalalithaa on her resounding victory in the May 16 Assembly polls and continuing in office for a consecutive term. He appreciated the state government's "expeditious action" taken in restoring normalcy after the unprecedented floods in December, 2015, it said.

He mentioned that he had visited the Volkswagen plant on the outskirts of Chennai in January "and was impressed to see how quickly the recovery had been effected," it added.