Tamil Nadu aims to raise Rs 1 lakh crore

Tamil Nadu aims to raise Rs 1 lakh crore

Tamil Nadu aims to raise Rs 1 lakh crore

Hoping for an ambitious Rs 1 lakh crore investment for Tamil Nadu, the stage has been set for the high-profile first ever Global Investors Meet (GIM) to be held from Wednesday.

The two-day mega event is not only expected to attract more than Rs 1,00,000 crore ($16 billion) into the state, but would also generate more than 1.5 lakh jobs in the next three years.

In addition, high-level business delegations from over ten countries including the UK, Australia, Canada, France, Italy, Japan, South Korea and Singapore, which have already arrived for the meet.

The event, to be held at the Chennai Trade Centre, will also see the signing of more than a hundred Memoranda of Understanding (MoUs) between the Tamil Nadu government and various multinational companies, which have evinced interest in investing in the state.

“Our government is committed to making Tamil Nadu a new growth model among Indian states,” Chief Minister J Jayalalithaa said, on the eve of the event, and invited state partners in realising the government’s vision in making Tamil Nadu numero uno in all spheres of development.

The government has already spent Rs 100 crore for GIM, during which, TN will also unveil new offerings for the business investors during the meet. Leading Indian and foreign MNCs would be committing investments worth several thousand crores in the presence of Jayalalithaa, who will be inaugurating the GIM.

State of investment

Tamil Nadu to hold Global Investors Meet
Targets investment generation of Rs 1 lakh crore
Over a hundred MoUs to be signed
Leading companies expected to participate

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