Tamil Nadu to organize second edition of global investors meet to attract investment

New Delhi, Sept 8 (KNN) In a bid to attract investment in state, Tamil Nadu government is organizing the global investors meet for the second time in Chennai on January 23 and 24.

Identifying the sectors of interest, state government is looking to attract investments in 12 sectors including auto, textiles, renewable energy, and petrochemicals among others, during its second edition of global investor meet.

For the second edition, State’s Industries Minister, MC Sampath said that it is looking at surpassing the quantum which it achieved in 2015 and is looking at investments in textiles and apparel, pharmaceuticals and biotech, agro and food processing, aerospace and defence, automobiles and auto components, renewable energy, infrastructure, heavy engineering, chemicals and petrochemicals, heaving engineering, electronic hardware, and IT and ITeS.

He said that “We have many competitive strengths and attractive packages like land allotment, good infrastructure support, single window facilitation portal for investment.”

The state government has identified over 200 infrastructure projects, targeting to attract investments to the tune of $250 billion.

The minister met with some of the corporates like Tata Group, Mahindra and Mahindra, Godrej Group, Hinduja Group, RPG, BASF among others.

The state had attracted investments to the tune of Rs 2.42 lakh crore during its first global investors meet in 2015, with 98 MoUs.

Of this, it has realized Rs 73,000 crore through 63 projects which are under various stages of implementation.

Tamil Nadu has 38 Special Economic Zones and 22 Industrial Parks.