New Delhi, Nov 12 (KNN)Tamil Nadu is expecting to attract more investment than the first meet at the second edition of Global Investors Meet (GIM) to be held on January 23 and 24 in Chennai, said State Industries Minister, M.C. Sampath.

Addressing the media on the sidelines of the road show for GIM 2019, he said Industrialists in Gujarat have also assured to invest about Rs 20,000 crore, considering the conducive industrial climate in the state.

Noting that last GIM attracted 98 big projects, he said 68 are under implementation, with an investment of Rs 62,738 crore.

The Minister said that GIM 2019 is expected to have more investments in 12 sectors including textiles and apparel, automobiles and auto components, agro and food processing, aerospace and defence, pharmaceuticals and biotech, chemicals and petrochemicals, renewable energy, and IT and IT enabled services.

State Rural Industries minister, P Benjamin said that the Single Window Portal of the Government has helped MSME do hassle-free business as renewal of approvals from 11 departments and 37 services can be done online.

With the introduction of Business Facilitation Act to simplify the approval through single window system, the government has approved 132 applications out of 181 received so far.