Chennai, January 8 (Indian Abroad Newsdesk) The Global Investors Meet 2024 witnessed a historic triumph for Tamil Nadu, sealing monumental deals worth ₹6.64 lakh crore during the two-day event that began on January 7 and concluded on January 8. A total of 631 memorandums of understanding were inked, spanning key sectors like green energy, electric vehicles, global capability centers, and non-leather footwear, media reports said.
Anticipated to generate over 26 lakh direct and indirect jobs across the state, these proposed investments mark a substantial leap for Tamil Nadu’s economic landscape. According to media reports, Tamil Nadu Chief Minister M K Stalin expressed satisfaction with the unprecedented ₹664,180 crore in investments, highlighting the pivotal role these pledges play in laying a robust foundation for the state’s growth over the next two decades.
Leveraging its leadership in sectors like electronics and automobiles, Tamil Nadu aims for balanced regional development through strategic investment distribution. Chief Minister Stalin’s announcement of a committee to oversee the conversion of MoUs into actual investments underscores the government’s commitment to tangible outcomes, as reported by media in India.
Representatives from nine countries participated in the event, engaging in discussions with industry experts and economists, as detailed in media reports. Notable investors include Tata Power, pledging ₹70,800 crore in the renewables sector, Sembcorp committing ₹37,538 crore, the Adani Group with an investment promise of ₹42,768 crore, and Leap Energy pledging ₹22,800 crore. Singapore’s high commissioner announced a substantial ₹31,000 crore investment from Singaporean companies, while three Taiwanese footwear firms collectively committed ₹3,750 crore, media reports said.
Media reports further said that a significant deal on January 7 involved Vietnamese automaker VinFast Auto, pledging ₹16,000 crore ($2 billion) to establish an electric vehicle factory in Thoothukudi.The state tourism department’s pavilion displayed interactive elements, including ‘Elakkiah,’ the robot, and a 3D-Jallikattu bull, captivating participants’ attention.
The Global Investors Meet 2024 exemplifies Tamil Nadu’s steadfast commitment to economic growth, job creation, and technological advancements.
