TN attracts investments worth Rs 6.64 cr at
08-Jan-2024 07:06 PM 3004
Chennai, Jan 8 (Reporter) Tamil Nadu Chief Minister M.K.Stalin on Monday announced that a record investment proposals to the tune of Rs 6.64 lakh crore were attracted in the two-day Global Investors Meet (GIM)-2024, organised by the ruling DMK for the first time. After a successful first day of the meet, a slew of MoUs were signed for the second successive day as the 2-day big ticket event of the Tamil Nadu government, held with a vision to make TN a USD one Trillion economy by 2030, drew to a close today evening. The GIM-2024, the third edition of the event after the ones held in 2015 and 2019, kicked off on Sunday with Mr Stalin unveiling a blueprint for making the State a USD 1 trillion economy by 2030. Speaking at the valedictory function of the two-day event this evening, a buoyant Mr Stalin said “I am happy and proud to inform this august gathering that due to our tireless efforts and your participation during this Global Investors Meet, we have attracted an unprecedented Rs 6,64,180 crore-worth of investments." This is keenly watched by the entire country, he said. A total of 26,90,657 jobs are expected to be generated from these investments and it included direct employment for 14,54,712 persons and indirect employment opportunities 12,35,945 people, he said. The investments have come in various sectors including in manufacturing. renewable energy, non-leather footwear, vehicles and electric vehicles, aerospace and defence, quality centres and IT sectors. Mr Stalin said while the manufacturing sector yielded Rs 3,79,809 crores, renewable energy sector got Rs 1,35,157 crore, housing and urban development Rs 62,939 crore, IT sector and Digital Services Rs 22,130 crore and MSME sector Rs 63,573 crores. He said ever since the DMK came to power in May 2021, he had visited several countries and the government conducted various industry meetings as a result of which the state has received Rs 1,90,803 investments and created 2.80 lakh jobs. Apart from this, following his visit to UAE, Singapore and Japan, investments to the tune of Rs 7,441 crore investments, offering 17,371 jobs were attracted to the state. The Chief Minister said under the DMK regime, till date Foundation Stones were laid for 44 industries, inaugurated 27 industries creating jobs for 74,757 youth and women. In line with these achievements, the record investments attracted in this GIM-2024 will always be remembered and recalled in Tamil Nadu's history and the speciality and innovation will be spoken forever. A slew of MoUs were exchanged at the end of the day that included Rs 31,000-crore investment from Singapore, Adani Green Energy Rs 24,500 crore, Ambuja Cements Rs 3,500 crore, Adani Connex Rs 13,200 crore and Adani total gas and CNG Rs 1,568 crore. Sembcorp will be investing Rs 36,236 crore in Thoothukudi for setting up a green hydrogen plant. TAFE also signed a MoU with Tamil Nadu Government for Rs 500 crore investment. During the event today, Mr Stalin laid the foundation stone for Pou Chen Corporation – High Glory Footwear, non-leather footwear manufacturing unit in Kallakuruchi district with an investment of Rs 2,302 crore. Creators of the hugely popular ‘Village Cooking Channel’, which has 23.4 million subscribers on YouTube, on Monday, shared their experiences at a panel discussion, at the Tamil Nadu Global Investors Meet (GIM) 2024 in Chennai. Announcing Singapore's Rs 31,000-crore investment in Tamil Nadu, Simon Wong, High Commissioner of the Republic of Singapore, recalled a visit by a Tamil Nadu delegation, led by the Chief Minister to Singapore last year to invite investors to the GIM. “I have to report to all the guests here that we have been long-standing partners of Tamil Nadu for centuries. Because of his team and the efforts of Guidance Tamil Nadu, we made a commitment to visit the GIM in a big way. There are around 80 business people. We are committed to Rs 31,000 crore in investments in Tamil Nadu... Being the first partner country of Tamil Nadu, we want to assure (the State) that our journey together will be a long-standing one,” he said. Yesterday the government also released its Semiconductor and Advanced Electronics Policy, 2024, on a day when a slew of memoranda of understandings (MoUs) entailing mega investments were signed. Among the Mous was a pact signed by the State government with Vietnamese electric vehicle (EV) maker VinFast for setting up its plant in Thoothukudi with a proposed investment of Rs 16,000 crore. Tata Electronics signed an MoU expressing an interest to invest Rs 12,082 crore for an enclosure manufacturing and mobile phone assembly unit in Krishnagiri district and the project will generate over 40,500 jobs...////...
© 2025 - All Rights Reserved - timespage | Hosted by SysNano Infotech | Version Yellow Loop 24.12.01 | Structured Data Test | ^