Tamilnadu Global Investors meet 2015 News
Global Investors Meet
Tamil nadu global investors meet 9th and 10th Sep 2015
TN gets Rs 242,160cr investment assurance at Global Investment Meet
CHENNAI: Tamil Nadu got an "unprecedented" investment assurance of Rs 2,42,162 crore in the two-day Global Investment Meet held in Chennai on Wednesday and Thursday, chief minister J Jayalalithaa said.
Speaking at the valedictory function of the investment meet at the Chennai Trade Centre on Thursday evening, she said out of the Rs 2,42,162 crore investments, over Rs 1 lakh crore would be in manufacturing sector while another Rs 1 lakh crore would be in power sector.
She said 50% of the 98 memoranda of understanding (MoUs) which the government signed with investors during the meet would benefit the southern states.
Companies such as
HCL Technologies Ltd,
Cognizant Technology Solutions,
MRF Ltd and
Delta India Electronics were among the signatories.
Close to half the investment committed will go to the southern districts
A big chunk will go into the development of the Madurai-Tuticorin industrial corridor and another large investment into setting up a liquefied natural gas terminal at Tuticorin.