New Delhi, Nov 24 (KNN) In an upcoming second edition of ‘Global Investors Meet’ (GIM), Tamil Nadu government is targeting to sign MoUs to the tune of around Rs 3 trillion.

The target is higher than Rs 2.42 trillion signed in the first edition of the meet in 2015, said K Pandiarajan, state minister for Tamil Official Language, Tamil Culture and Archeology.

He said that though after Goods and Services Tax (GST) implementation state's ability to offer incentives has been affected but the inherent strengths with Tamil Nadu will help it to attract the investments.

While interacting with the reporters on the sidelines of AutoSreve 2018, a conference on automotive aftermarket organized by the Confederation of Indian Industry (CII), he said ‘When leading up to the first edition of GIM, we did not have a single large project. Now Hyundai's investment is around Rs 60 billion, CEAT is investing Rs 30 billion. So we have two large anchor investors. We have announced the Tidel Park, an industrial park in Avadi, where around 30,000 people could get employed. We have never faced the GIM with such a build up."

There has been major initiative towards attracting investment through GIM. The government has conducted roadshows in 26 countries led by the Industries Minister, the minister for MSME and others, he added.