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GIM attracts Rs 2lk cr in TN

PTI

New Delhi

Tamil Nadu Chief Minister Jayalalithaa on Thursday said investments proposals worth over Rs 2 lakh crore have been inked in various sectors including manufacturing and energy during the two-day Global Investors Meet (GIM).

Addressing the valedictory function of the event, Jayalalithaa said total investments finalised in the meet stood at "an unprecedented, Rs 2,42,160 crore which is more than double of the target of Rs one lakh crore."

Addressing thousands of delegates, including those from abroad, she said the proposals finalised also exceeded the cumulative investments and MoUs signed by the government of Tamil Nadu in over 20 years between 1991-2011.

"Today, 98 MoUs have been signed and documents exchanged and the investments are in sectors including manufacturing and energy," she said.

The industrial corridor project in South Tamil Nadu had also received a fillip with large amount of investments committed in this region, the chief minister added.

She also thanked the investors and assured quick clearance of their proposals if they were found to be with proper documentation and informed that senior IAS officials of her government will liaise with them for expeditious clearances.

Jayalalithaa said the quantum of investment committed during the two-day event had given her the confidence that the state could pioneer ahead in accelerating industrialisation.

Jayalalithaa said the state government would come out shortly with strategic policies for various sectors including aerospace and defence sector shortly.

"We must not forget what lies ahead. Mine is not a government that rests on its laurels. My government will come out shortly with farsighted and pragmatic policies not only for textiles, micro, small and medium enterprises but also in Information Technology, Information Technology Enabled Services, electronic hardware, aerospace and defence production," she said.

"We aim to be the most favourite investment destination in India. My government will do whatever it takes to reach and maintain that status," she said.

Thanking investors who have already made investments in the state, Jayalalithaa said, "... Your confidence in Tamil Nadu will be fully redeemed. Necessary statutory clearances will be done in 30 days and IAS officers and officials will be there to ensure single window clearance."

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