Tamil Nadu’s first Global Investors Meet (TN GIM 2015) was officially inaugurated by Chief Minister J Jayalalithaa today. The CM also inaugurated 3 major industrial projects with a total investment of Rs 2,568 crore – the new two-wheeler unit of India Yamaha Motor (IYM) in Kancheepuram district with a capacity of producing 1.8 million two-wheelers per annum and its 9 vendor units with an investment of Rs.1,600 crore, the TICEL Bio Park – II at Taramani, built at a cost of Rs 168 crore and the expansion unit of, TVS Motor Company Limited at Hosur with an investment of Rs 800 crore.
According to Centre for Monitoring Indian Economy (CMIE), the total incremental investment proposed in Tamil Nadu during April 2011 to June 2015 was Rs 2,61,709.92 crore. From May 2011 to date the State government had facilitated 86 investments, with a cumulative investment of Rs 43,101.81 crore through MoUs and Single Window Facilitation.
Speaking on the occasion, Jayalalithaa said that an investment in Tamil Nadu would be a very sound investment and an investment in the hard working, enterprising and reliable people of the State of Tamil Nadu. She also pointed out that the human resources of Tamil Nadu have been the key to the growth story of the State. These human resources have contributed significantly to the development of India as a country.
In addition to the focus on investment commitments the meet would foster future investments. There are 24 seminars, including 8 country seminars on a range of issues and sectors that would interest prospective investors. There are many exhibitions to showcase the ventures of the investors. During the 2 day summit, the Tamil Nadu government plans to attract investments worth Rs 1 lakh crore.
