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Tamil Nadu attracts mega investments at Global Investors Meet

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The two-days (2015 September 9-10) Global Investor Conference inaugurated by state chief minister J. Jayalalithaa aimed at attracting investments into the state.

  • Venue: Chennai Trade Centre, Chennai, Tamil Nadu
  • Target: Rs. 1 Lakh Crore investment (US$ 16 billion)
  • Participants: TN government, 3000+ candidates from 9 partner countries and 30 non-partner countries
  • Partner countries: South Korea, Japan, Australia, Canada, France, Italy, Russia, UK, Singapore
  • Connectivity Partner: Reliance Jio

Tamil Nadu Global Investors Meet

Sector-wise Investments

Department No of MOU’s Investment (Rs in crore) Employment
Energy 15 1,07,136 15,850
Manufacturing 50 1,04,286 1,14,455
Information Technology 17 10,950 2,05,500
Handlooms and textiles 10 1,955 65,010
Agriculture 2 800 68,750
Fisheries 4 500 500

 

* More than 10,000 Medium and Small Industries have also entered into MOUs to invest Rs 16,533 crore in 32 districts of the state.

Key Announcements

  • HCL allocates $1 billion for investments in South Tamil Nadu.
  • Yamaha to set up third plant in Tamil Nadu – trial run on now.
  • TVS Motor Company announces that it would expand its footprint in Hosur
  • TICEL Bio Park II to be set up
  • Adani Group to invest about Rs. 15000 cr. – Rs. 20000 cr. in ports and power sector in the next five years.

The state government has nominated senior IAS officers of the state government as facilitators for each of the projects and they will be responsible for liaising with the investors and announced that the state will hold such meets every two years from now.