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The state government of India’s Tamil Nadu has signed investment pacts worth over $4.39bn with shippers such as Apple and Hyundai, as multinationals continue to diversify their global supply chains.  

Tamil Nadu is the third-largest contributor to India’s GDP, and is set to move up to second by next year after the recently announced developments.  

It is the country’s third-largest exporter and is home to Chennai Port, the second biggest container port.  

Sunday’s deals in Tamil Nadu include an agreement ...

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