Tamil Nadu will host the second edition of the Global Investors Meet (GIM) on January 23 and 24. Chief Minister Edappadi K Palaniswami has allocated a sum of Rs 75 crore for the event. Sources indicated that the State may target an investment of Rs 3 lakh crore.
The last meet was held in September 2015. The next edition was scheduled two years later, but it got postponed due to various unstated reasons.
“We welcome all national, international firms, national and international industrial federations, consulates and media to extend full cooperation to the meet and to make it a success…,” said in a statement.
The first edition of the Global Investors’ Meet was held here in September 2015 when J Jayalalithaa was the chief minister. It saw investment commitments to the tune of Rs 2.42 lakh crore from 98 memoranda of understanding.
“An investment to the tune of Rs 62,738 crore from at least 61 companies are at various stages of implementation. This has created jobs for 96,341 people,” the release added.
The second edition of GIM will be held at a time when the State will have a single window clearance for industry projects up and running and when several key infrastructure projects such as Chennai-Bengaluru Expressway, Chennai-Kanniyakumari Industrial Corridor and second phase of Chennai Metro are being taken up.
Here are some interesting information about investments done in TamilNadu on various sectors :
AEROSPACE & DEFENCE
India’s First Defence Corridor; expected to benefit sub-sectors such as Engineering, Heavy Engineering, Aerospace & Defence, and Aviation Sector
Aerospace Park in Sriperumbudur (Vallam-Vadagal) with an Advanced Computing and Design Engineering Centre (ACDEC) is being set up to form a strong base for supporting large OEMs.
AGRO AND FOOD PROCESSING
Tamil Nadu has well established agriculture educational universities and research institutions across the state (Tamil Nadu Agricultural University)
The State has four Agri Export Zones and has plans to set up one Ultra Mega and nine Mega Food Parks.
AUTOMOBILE AND AUTO COMPONENTS
With well-developed Auto Ecosystem, Tamil Nadu is one of the top 10 Automobile Hubs in the world
State contributes 21% to India’s Automobile Exports
State accounts for 35% of India’s Auto Component Production.
CHEMICALS & PETROCHEMICALS
TN ranks 3rd in India’s Total Chemical Output, accounting for ~6% of National Production
The State has 2588 Chemical Manufacturing Factories
Chemicals & Petrochemicals exports from Tamil Nadu stood at USD 913.77 million – FY 2017-18.
ELECTRONICS & HARDWARE
Tamil Nadu ranks 2nd in India in Computer, Electronics and Optical Products manufacturing, accounting for 16% of National Production
Computers & Peripheral Equipment accounted for 62% of the Total Electronics Output in Tamil Nadu
The state ranked 3rd in India in terms of Electronic Exports (USD 1.27 billion) in FY 2017-18.
Tamil Nadu ranks 3rd in India in production of General Purpose and Special Purpose Machinery, accounting for ~7% of the total production
Ranks 2nd in India in Heavy Engineering Exports – FY 2017-18
Heavy Engineering exports from Tamil Nadu grew at a CAGR of 8% between 2013-14 and 2017-18 and stood at USD 2.49 billion in 2017-18.
IT & ITES
Tamil Nadu is in the forefront amongst all states in implementing the latest information technology initiatives and e-governance programs by using highly talented, tech savvy and skilled human resources available in the State.
Tamil Nadu is home to world’s leading IT/ITeS organizations like TCS, Infosys, CTS, IBM, Accenture, World Bank, Amazon etc.
PHARMACEUTICALS & BIOTECHNOLOGY
Tamil Nadu is the 5th largest Pharmaceutical Manufacturing State in the Country
The State accounts for over 10% of National Pharma Production
Tamil Nadu is the most active state in ensuring free supply of medicines in government clinics and hospitals.
Tamil Nadu ranks 9th globally in terms of Renewable Power Output
Tamil Nadu is the leader in Renewable Energy Sector among all other Indian states with a Total Installed Capacity of 11,113 MW
Tamil Nadu has an Installed Capacity of 8,152 MW of Wind Power.
Tamil Nadu Skill Development Corporation (TNSDC) has identified Central / State Government Institutions and Agencies along with Industrial Houses for imparting Short Term Skill Development Training Programmes
TNSDC has trained 227,106 youth in the last 5 years.
TEXTILES AND APPARELS
Tamil Nadu leads all the States in the country with 2,027 textile mills and 24 million spindles which includes 6 Co-operative Spinning Mills and 7 National Textiles Corporation Mills
Tamil Nadu is called the Yarn Bowl of India since it produces 40% of Total Yarn in India.
TNGIM Venue Details : Chennai Trade Centre
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