Tamilnadu Fetched more than the Target at Global Investor Meet 2015Purushothaman (Author) Published Date : Sep 11, 2015 06:02 IST Business News
Global Investors Meet 2015 two days event held at Chennai Trade Hall. From 15 countries 1000 delegates have taken part in this meet and from India 4000 members participated in the event. Totally 5000 members graced the event and Cm Jayalalitha inaugurated and addressed the audience. Tamilnadu set the target of Rs. 1 lakh crore from the investors.
At the end of day one Chief Minister said investment in Tamilnadu exceeded the target amount. Day two had the 2 sessions and 5 seminars in each session. Seminars focused on the Micro, Small and Medium scale enterprises, enabling infrastructure in Tamilnadu, Tamilnadu Vision 2023, there is also seminars conducted in Agro and Food processing sectors, Electronics and Hardware and investment in IT/ITES sector.
On the end of day two Chief Minister Said 'I am extremely happy to inform you that the total investments finalized during the GIM is an unprecedented Rs. 2,42,160 crores'. CM also added that our government could come out of the policies that will attract the investors in Aerospace and Defence sectors. The investment has exceeded double the target and it also exceeds the cumulative investment over the period of time from 1991 to 2011.
She also stated Tamilnadu is one among the top 10 automobile hub in the world and soon Chennai will become world’s largest automobile hub.
She had given the details of the investment in various sectors including Rs. 1,04,286 crores in manufacturing, Rs. 1,07,136 crores in energy and 10,950 crores on Information technology, Handloom and textiles Rs. 1955 crores, Agro and food processing sector Rs. 800 crores and fisheries Rs. 500 crores.
She said solar power fetched investment of Rs. 35,356 crores. About 10000 medium and small scale enterprises invested Rs. 16,533 crores. Nearly half the percent of total investment is fetched by Southern Districts.
Chief Minister assured the investors within 30 days of application; the process will be cleared and will be taken care of senior officials. Government has nominated IAS officers as facilitators for each of the projects. She also requested the central government to support Tamilnadu if any clearance required in Central government level to the investors.
She declared the Global Investors Meet will be held 2 years one hereafter and the next meet will be held in 2017.
Many Business leaders who already invested shared their views and their developments in Tamilnadu. The tyre manufactures like MRF, JK, Apollo and others agreed to invest nearly 55,200 crores that make the jobs over 35,000. Government declared MRF tyres agreed to invest Rs. 4500 crores in manufacturing radial trucks and radial tyres. Apollo proposed Rs. 2700 crores to invest.
In the renewable energy resource, SunEdision have signed 2GW projects in the investment of Rs. 14,000 crores.
Mahindra & Mahindra agreed to invest Rs. 4000 crores to enhance by 2020, JSW Steel proposed an investment about Rs. 1025 crores, Saint Gobain expand their investment about Rs.800 crores.
Uber had signed the project that gives 30,000 entrepreneurial opportunities with the government to the state.