CHENNAI, Feb 14: Seeking to deflect the flak faced by the State Government on the Nokia issue, Tamil Nadu Industries Minister P Thangamani today said the mobile phone maker faced problems only because of the retrospective tax issue. Addressing the curtain raiser for the Global Investors Meet (GIM) scheduled to be held in the city on May 23 and 24, Mr Thangamani said Nokia faced some problems. ‘This is not because of the State Government, but because of retro-spective taxes which were imposed on the companies by the previous Central Government.
‘However, our Hon’ble AMMA’s Government (Former Tamil Nadu Chief Minister and ruling AIADMK General Secretary) is trying to find solutions to this problem to the extent possible. He said since 2011, Tamil Nadu proves to be a safe place for the investors.
As far as, FDI is concerned, during the period May 2011 to November 2014, Tamil Nadu is ranked Third next only to Maharashtra and New Delhi on this score. (UNI)
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