Stalin inaugurates GIM-2024, unveils roadmap to make TN achieve USD 1 trillion economy
07-Jan-2024 05:55 PM 4094
Chennai, Jan 7 (Reporter) Tamil Nadu Chief Minister M.K.Stalin on Sunday inaugurated the Global Investors Meet (GIM)-2024 which aims to attract a large number of investments into the State. In the presence of top Industry leaders and businessmen from India and abroad, Mr Stalin, in the third edition of the GIM, released a report on the roadmap to make the State achieve a USD 1 trillion economy goal by 2030. Earlier the GIM was held in 2015 and 2019. The two-day ambitious big-ticket event, the first under the DMK regime headed by Mr Stalin, saw participation from nearly 50 countries and nine partner countries. In his address after several MoUs were signed in his presence at the GIM, Mr Stalin said the government’s aim is to create more jobs for the youth and women workforce in the rural areas. He also said the other area that has seen some development is the Krishnagiri and Hosur regions where the electric vehicles manufacturing market in that region is booming. The Global Investors Meet 2024 is hosted for attracting investments, creating jobs and showcasing strengths of the State. Tamil Nadu plays a key role in India’s development and that is why he has set a target of USD1 trillion economy by 2030. He said that industries have been attracted in backward districts and that Tamil Nadu is the leading state in attracting investments and is the most welcoming state at the global stage. Mr Stalin also released the semiconductor and advanced electronics policy at the event. In his address, Union Minister fr Industry and Commerce Oiyush Goyal said the Central government and State government will work together to ensure possible step for India to grow. On the call of the Union Minister, participants of the Tamil Nadu Global Investors Meet give a standing ovation to ISRO scientists for the success of India’s first solar mission Aditya-L1. Among the MoUs signed included by Hyundai which committed an additional Rs1,180 crore investment in Tamil Nadu, Qualcomm - Rs 177 crore investment and offering employment to 1600 people, First Solar - Rs 5,600 crore in Kancheepuram, Godrej - Rs 515 crore in Chengalpattu, TATA electronics - Rs 12,082 crore at Krishnagiri; employment - 40,500; Pegatron - Rs 1000 crore in Chengalpattu; employment - 8,000, JSW - Rs 12,000 crore in Thoothukudi and Tirunelveli; employment - 6,600; TVS group - Rs 5,000 crore; employment - 500; Mitsubishi - Rs 200 crore in Gummidipoondi; A.P. Moller Maersk, Singapore and Vietnam-based EV makers Vin Fast - Rs 16,000 crore in Thoothukudi. In his address, Tamil Nadu Industries Minister T.R.B. Rajaa highlighted on how TamilNadu has been in the top slot across several sectors and he also pointed out how schemes doled out by the State government has helped people. “We have one doctor for every 250 people, which is comparable to Scandinavian countries. We also produce over 1,50,000 engineers every year,” he added. “Through this Global Investors meet, we aim to showcase that along with the economic growth of the state, Tamil Nadu also ensures diversity, equality and inclusivity, while always keeping sustainability in focus.” Several industry leaders spoke at the event. In his virtual address, Reliance Industries Chairman Mukesh Ambani said he is committed to make new investments in renewable energy and green hydrogen projects in Tamil Nadu. Reliance Industries would also inaugurate its state-of-the-art data centre that has been set up in partnership with Canada-based Brookfield Asset Management and U.S.-based Digital Reality. He said Reliance has committed to making new investments in Tamil Nadu in renewable energy and green hydrogen, the industrialist said, "We shall work closely with the state government to promote sustainable development, which is necessary to save Mother Earth from the climate crisis. A top official of Hyundai said a dedicated ‘Hydrogen Resource Centre’ will come up in Chennai Aligned with the Hyundai Hydrogen Vision, the goal is to help foster a worldwide Hydrogen Society by making hydrogen readily used for everyone, everything and everywhere. "As part of this, we are collaborating with the Government of Tamil Nadu and we will sign an MoU to establish a dedicated ‘Hydrogen Resource Centre,’ in association with the IIT-Madras. This facility will act as an incubation cell to develop a framework for localization of hydrogen ecosystem,” Mr Unsoo Kim, Managing Director of Hyundai Motor India., said. He also announced that Hyundai Motor India has signed an MoU with the Government of Tamil Nadu for an investment of Rs 6,000 crore, as part of our long-term commitment to the state. This is in addition to the Rs 20,000 crore investment set aside last year to augment our efforts in electric vehicle manufacturing, charging infrastructure, and skill development. A top Qualcomm Incorporated announces a new facility for their Design Centre in Chennai, investing Rs 177.27 crores Company President Savi Soin said the new design centre can create jobs for up to 1,600 skilled professionals. The new centre will specialise in wireless connectivity solutions, with a focus on innovations that complement Wi-Fi technologies. He said the new design centre in Chennai plays a pivotal role in shaping the future of connectivity globally, especially in India. “The new design centre is a critical asset to support Qualcomm’s commitment to ‘Make in India’ and ‘Design in India’. ​ Sajjan Jindal, MD, JSW says Tamil Nadu is home to highest number of factories in India. Tamil Nadu is second biggest economy. The state can achieve $1trillion economy target due to its policy framework, labour force. He says despite change of governments, policies have been industrial friendly...////...
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