The allegation that investments coming to Tamil Nadu are being diverted to Andhra Pradesh is currently widespread.
At this time, a company from Brazil has brought its investments to Dharmapuri in Tamil Nadu, instead of Andhra Pradesh.
What investment?
WEG, the Brazil-based electrical equipment manufacturing company, is the company set to invest in Dharmapuri. The total value of this investment is a manufacturing project worth Rs. 2,000 crore.
This factory is expected to create jobs for 3,000 people. It is also said to bring new industrial opportunities to the backward district of Dharmapuri.
Chandrababu Naidu plan
Today, a Confederation of Indian Industry conference was held in Andhra Pradesh. At that conference, Chandrababu Naidu said, “‘I am making a request to the Union Minister regarding the ‘Investment Protection Act.’
Every investor invests. But many people have serious concerns and doubts about changes in government, vindictive politics, and various uncertainties.
I am now going to bring in an Investment Protection Act at the state level. Once this bill is passed at the state level, I will send it to you.
I request you to bring this to the attention of the Central Government and make efforts to introduce a similar law at the national level.
If this is implemented, you will see investments flowing into India in large numbers. Global investors will come forward on their own to invest in our country.

Our Union Minister (India’s Minister of Industry, Piyush Goyal) is very intelligent, capable, and influential. I believe he can certainly persuade our Prime Minister, who is always proactive in encouraging investment and growth.
“If we achieve just this, no one can stop India’s growth,” he said.
That’s right!
Chandrababu Naidu is right. During the previous DMK government, several memorandums of understanding were signed. Now that the TVK government has come to power in Tamil Nadu, various investments have moved to other states.
It cannot be said that the change in government alone is the sole reason for the shift in investment. But that is also one of the reasons.
In every government, the plans and approach change. Because of this, the chances of investments shifting are high.
When a law that is safe for investors is introduced, that policy will continue forever.

It will provide a sense of security and confidence for their investments.
Chandrababu Naidu has said that such a law will soon be brought in his state.
Whether or not the Central Government brings in this law, the Tamil Nadu Government must definitely take the initiative for this law.
The reason is that Tamil Nadu is a manufacturing state and a rapidly growing state. If this growth is to continue at the same pace, investments must increase even further.
On the other hand, Andhra Pradesh is already competing with Tamil Nadu in attracting investment. If such a law is introduced there, it will become even harder for Tamil Nadu to attract investment.
Therefore, Tamil Nadu should quickly take all possible efforts to bring in this law.
