Tamil Nadu-based enterprises are increasingly investing in Africa across agriculture, IT, leather, textiles, and auto ancillaries, driven by the continent’s duty-free market access under AGOA, abundant raw materials, and incentives for setting up factories. Notable companies like Farida Group, Hectar Global, CENSANEXT, Ashok Leyland, TVS Motor Company, and KPR Mill are expanding operations, tapping into Africa’s $3 trillion GDP and vast resources. Despite political challenges, the region’s growth prospects are attracting SMEs, with firms like Novac Technology Solutions entering multiple sectors. The Asian African Chamber of Commerce & Industry’s new Tamil Nadu chapter highlights this trend, underscoring the mutual benefits and growing trade relations between Tamil Nadu and Africa.
