According to a TOI report, five new industrial companies including Ceat, Bharat Fritz, ITC expansion, Hyundai subsidiary and Synergy are looking to expand their business and setting up factories in Tamil Nadu. Reports say, if approved under the Business Facilitation Act , Ceat is likely to make an investment at Sungurvarchatram, Bharat Fritz at Hosur, ITC expansion at Pudukottai, Synergy at Nanguneri and Hyundai Subsidiary at Pillaipakkam.
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