Finland sees Tamil Nadu as a prime investment destination

Hi guys,Really i am happy to share this article .Finland is seeing a huge investment potential in Tamil Nadu and will hold talks with government officials on Thursday to explore ways of improving trade and commerce.“A lot of Finnish companies have already made enormous investments in India, especially Chennai, and we want to improve upon these contacts as we see an enabling business environment in Tamil Nadu,” Paavo Vayrynen, Minister for Foreign Trade and Development of Finland.Mr. Vayrynen, who is on a six-day visit to India, is heading a high-level business delegation that is on a trade and investment promotion mission. The delegation, which includes Asko Numminen, Finland’s Ambassador to India, visited the Nokia plant at Sriperumbudur on Wednesday. Nokia is the most visible Finnish business brand in India, besides Wartsila and Kone. The volume of Finnish investments in India stands at $800 million, which, according to the Minister, is “too small, given the potential”. “Unlike other countries, there is not much bureaucratic delay here, though the poor infrastructure may pose a problem for investors. Our investments in Tamil Nadu are, perhaps, higher than in any other State. Chennai is our most important investment destination,” he says.The delegation would also like to see a parallel rise in Indian investments in their country. “Indian investors have done surprisingly well in Finland. We can be the Indian investor’s gateway to the European Union, Russia and the United States. With Finnair planning to fly to more Indian cities in the near future, connectivity will no longer pose a problem.” Indian investments in Finland are mostly in the IT sector.

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