2nd
in the production of both General-Purpose and Special-Purpose machinery.
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Tamil Nadu, renowned for its expertise in precision engineering, heavy machinery manufacturing, and hydraulic systems, is home to numerous global manufacturers specialising in capital goods and heavy electrical equipment segments.
in the production of both General-Purpose and Special-Purpose machinery.
in the production of heavy electrical equipment, Nationwide.
The Wholehearted approach of Guidance team to facilitate investment. Their work resonates with our strategy and reinforces our commitment to Tamil Nadu. We find them a pleasure to deal with because they “Walk the Talk.
With the constant support of the Government of Tamil Nadu through the years, today Ashok Leyland is one of the leading commercial vehicle manufacturers of the world. This has been possible due to the constant support and the conducive environment that the Government of Tamil Nadu has provided. The Guidance Bureau has been supporting us and lending us excellent support through every stage of the process of further investment in the state. We would like to express our sincere thanks and gratitude to the Government of Tamil Nadu and the Guidance Bureau for their continuous support extended to Ashok Leyland and Hinduja Group companies in the state.
Timken's collaboration with Guidance has been very fruitful since our inception in 2007 in Tamilnadu. Their professional approach and willingness to help organizations in setting up their business is commendable. We have had a great journey with the Guidance Bureau, who have supported us right from providing the NOC in establishing our factory to recent plant expansion. We look forward to their continued support as we grow our business in Tamilnadu.
The total market size of the industry stands at a substantial US$ 92 billion.
Over the past 3 years, the industry has exhibited steady growth, with a CAGR of approximately 7%.
FDI up to 100% is permitted under the automatic route, facilitating investment in the sector.
