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Can Tamil Nadu expand its ‘Detroit of India’ tag to EVs?
Finshots Daily
The Genesis of Tamil Nadu as the Detroit of India
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Tamil Nadu earned the title 'Detroit of India' in the early 1990s due to its strategic approach to attracting foreign investment. As India liberalized its economy, Tamil Nadu seized the opportunity to lure foreign companies like Ford by offering incentives such as land at nominal rates, tax exemptions, and friendly government policies. This led to a domino effect, with other car manufacturers like Hyundai following suit, establishing Tamil Nadu as a hub for car makers in India.
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