TN government postpones Global Investors Meet

Strong feedback has been received from many foreign investors that the event may be held after the summer season.

Tamil Nadu Chief Minister O. Panneerselvam.

The Tamil Nadu government has postponed the Global Investors Meet (GIM) to September 9 and 10.

According to an official release, investment worth Rs.53,000 crores in sectors other than energy and Rs.23,000 crores in the energy sector, totalling Rs.76,000 crores have been lined up for signing of MoUs for the GIM originally scheduled for May 23 and 24.

During the foreign road shows, there has been considerable interest shown in investing in Tamil Nadu due to the prevalent industrial investment environment in the State.

Many foreign investors have represented that they would be in a position to commit much larger investment with some more time being made available to finalise such investment proposals. Further, a strong feedback has been received from many foreign investors that the event may be held after the summer season.

As a large number of investors have already finalised their proposed investment in the State, necessary clearances will be accorded and government orders, including orders committing necessary facilitation will now be issued to these investors so as to sign the MoUs during the event.

The Global Investors Meet will now be held on September 9 and 10 in Chennai.