Tamil Nadu has attracted an investment of Rs 2,42,160 crore investment in the first Global Investors Meet that concluded today in Chennai. In the valedictory section, Chief Minister of Tamil Nadu, J Jayalalithaa said, “I am extremely happy to inform you that in a resounding endorsement of the State of Tamil Nadu the total amounting investments that have been finalised during the the Global Investors Meet in Chennai is an unprecedented Rs 2,42,160 crore rupees. This is more than double the investment of Rs 1 lakh crore rupees targeted for this event. Thisnienalso exceeds the cumulative investment attracted through all MoUs signed by the Government of Tamil Nadu over the 20 years period from 1991 to 2011.”

TN CM in GIM 2015

Out of the totalinvestments Rs 1,04,286 crore rupees investment is from the manufacturing sector.  Tamil Nadu is already one of the top 10 automobile hubs in the world and Chennai alone can produce about 1.4 million cars a year. Jayalalithaa also confirmed that the necessary statutory clearance would be accorded within a period of 30 days from the date of application with all supporting documentation to the Guidance Bureau’s Single Window Clearance facility. The government will be organising GIM once in 2 years and the next meet would be help in 2017.

Major MoUs signed by the auto industry:

1. JSW Steel (Expansion) in Kallipattu village, Salem District. Rs 1,025 Cr
2. Apollo Tyres in SIPCOT Industrial Growth Centre, Oragadam Rs 2,700 Cr
3. Saint Gobain, Sriperumbudur, Kancheepuram dist. Rs 800 Cr
4. MRF Ltd. (Expansion), Perambalur and Arakkonam Rs 4,500 Cr
5. Mahindra & Mahindra, Mahindra Research Valley, Mahindra World City & SIPCOT Industrial Park, Cheyyar. Phase I Rs 2,000 Cr, Phase II Rs 2,000 Cr
6. Mando – Hella, SIPCOT Industrial Park, Vallam-Vadagal, Kancheepuram District. Rs 250Cr
7. Sekisui-DLJM, SIPCOT Industrial Park Vallam-Vadagal, Kancheepuram District, Rs 110
8. Jinhap Automotive Pvt.Ltd, Sriperumbudur, Kancheepuram District. Rs 100 Cr
9. TVS Motors, Hosur, Rs 350 Cr
10. TAFE, SIPCOT Industrial Parks, Rs 150 Cr
11. Embassy Logistic Park, Sriperumbudur, Kancheepuram, Rs 900 Cr
12. TCI, Kiloy & Ulanthai village, Kancheepuram, Rs 270 Cr
13. Gulf Oil Lubricants (Hindustan Group), Kathivakkam village Thiruvottiyur Taluk, Thiruvallur District, Rs 200 Cr

Overview:

S. No Name of the Department No of MoU’s Investment (Cr) Employment
         
1 Industries Department 50 Rs 1,04,286 1,14,455
2 Energy Department 15 Rs 1,07,136 15850
3 MSME Department *   Rs 16,532.67  
4 IT Department 17 Rs 10,950 2,05,500
5 HHTK Department 10 Rs 1,954.83 65010
6 Animal Husbandry Department 4 Rs 500 500
7 Agriculture 2 Rs 800 68750
         
  Total 98 Rs 2,42,160 4,70,065

* MSME department has signed 10,073 MoUs in 32 districts of the State during the Roadshows conducted in the last few months.

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