"Facts and figures speak for itself for Tamil Nadu. Frost and Sullivan has ranked Tamil Nadu the second in their overall ranking and first in investment potential among other Indian states,” Palaniswami said. “We have the second largest economy in India among the states with a GDP of $250 billion. Between April 2000 and March 2019, we have attracted FDI worth $29.848 billion, which makes us the fourth largest FDI destination region in the country,” said K. Shanmugam, chief secretary of the state. "We have taken up a series of measures to simplify and rationalise the regulatory processes (registration and inspection processes) by deploying information technology to make governance simpler, responsive, transparent, accountable and efficient."