industry source many auto component companies are automating more than other states because of labour shortage said the auto md a highly industrialised state tn has received 17 billion in fdi from april 2000 to march 2015 and contributes more than 10 of the national output in paper machinery electronics textiles auto and auto components etc but inefficiency and corruption have been eating away at its competitive advantage in an ncaer survey released this year uttarakhand 325 ranked as the least corrupt state and tn as the most corrupt given that corruption tops industrys concerns 792 among 22 parameters followed by getting approval before starting business and getting environment clearance tns ranking is serious indeed said another senior auto industry official who helped set up one of the biggest automobile factories in the oragadam belt in the 90s while top officials and the government have generally been supportive tn is blighted by inefficiency and corruption lower down the line if there was enough support for gummidipoondi sri city in andhra pradesh would not be as successful as it is denying any slowdown in investments tn industries department officials said the latest reports of industrial investments rated the state as one of the top three destinations in the country the state successfully managed to get an investment commitment of rs 24 lakh crore at the global investors meet of 2015 at least 64 projects worth rs 87000 crore have taken off said a senior government official the state slipped to 18th rank in the statewise ease of doing business as it failed to submit the requisite compliance reports to the ministry in time due to assembly elections at that time he said at least six new industrial nodes would be developed with the centre deciding to expand the vizagchennai corridor further down up till kanyakumari big industrial groups are actively engaged in setting up units on the maduraituticorin corridor and in cuddalore ramanathapuram and hosur he added by nandini sen gupta tnn published on nov 9 2016 at 0258 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app tamil nadu automobile market daimler ag michelin india private ltd daimler royal enfield michelin automobile giants detroit of the south automobile investments homenewsindustrywhy automobile giants are shying away from tamil nadu market