TN attracts over Rs. 2 lakh cr. investments

September 10, 2015 05:21 pm | Updated November 16, 2021 07:36 pm IST - Chennai:

Chief Minister Jayalalithaa addressing the inaugural session of the Tamil Nadu Global Investors Meet on Wednesday. Union Commerce Minister Nirmala Sitharaman is also seen. Photo: R. Ragu

Chief Minister Jayalalithaa addressing the inaugural session of the Tamil Nadu Global Investors Meet on Wednesday. Union Commerce Minister Nirmala Sitharaman is also seen. Photo: R. Ragu

Nearly Rs. 2,42,160-crore worth investments were finalised at the Tamil Nadu Global Investors Meet, more than double of the Rs. 1 lakh crore targeted by the government, Chief Minister Jayalalithaa said on Thursday.

The State would organise Global Investors Meet every two years and the next meet would be held in 2017, she said, delivering the valedictory address at the investors' meet.

Ms. Jayalalithaa said 50 per cent of the investments was committed to the southern districts. The government would come out with policies for textiles, micro, small and medium enterprises, IT and ITES, electronics, aerospace and defence production.

The Chief Minister assured investors that the State would provide clearances for projects in 30 days. "My government will ensure that entire system of statutory and pre-process clearances will be done online," she added.

What's the Buzz?

>SunEdison, Adani have mega plans

SunEdison Inc signed an MoU to set up 2 GW of solar and wind power projects in the State, while the Adani Group is set to invest around Rs. 15,000-Rs. 20,000.

>HCL to invest $1 bn in Madurai, Tirunelveli

India’s fourth largest software firm will invest $1 billion in the next five years to set up new units in Madurai and Tirunelveli.

>Adayar River plays perfect backdrop to laser show

On till September 12, the 20-minute laser show is exclusively organised for the Global Investors Meet.

For full coverage of the Global Investor's Meet, click > here.

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