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TNGIM 2019 – TN Global Investors Meet to be held on 23 & 24 Jan 2019, Rs 3 lakh crore targeted

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.

HEAVY ENGINEERING

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.

RENEWABLE ENERGY

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.

SKILL DEVELOPMENT

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

For any queries contact : gim@tn.gov.in or call + 91 44 2855 3866 or fax +91 44 28553856

Want to watch the event live click here

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