Investors' summit: "Tamil Nadu to become one of main growth engines in India," says Mahindra Group chairman
Jan 08, 2024
Chennai (Tamil Nadu) [India], January 8 : Mahindra Group Chairman Anand Mahindra said on Monday that the main power of the Global Investors' Summit came through the number of investments that were accounted for and that Tamil Nadu is poised to become one of the main engines of growth in India.
Speaking to reporters at the Tamil Nadu Global Investors Meet (TNGIM), Anand Mahindra said, "The main power of the Investors' Summit came through the number of investments that were accounted for. It looks very clear that Tamil Nadu is going to become one of the main engines of growth in India."
Taking to social media handle X, Tamil Nadu Chief Minister MK Stalin posted, "The first day of #TNGIM2024 has been marked by a series of successful and noteworthy events. Later today, in my valedictory address, I will announce the total investments secured by Tamil Nadu at this Global Investors Meet. It's been our enduring message that Tamil Nadu is overseas investors' first port of call, striving to ascend as the premier state in South Asia."
The Tamil Nadu Global Investors Meet 2024 has attracted record investments of Rs 6.64 lakh crore, much higher than the estimated sum of about Rs 5 lakh crore and double the investment that was attracted in the previous GIM held in 2019, according to Stalin.
"#TNGIM2024, which caught India's attention, has received a remarkable influx of investments," posted Stalin on X.
The investment commitment will be a major boost for Chief Minister MK Stalin's vision of the state becoming a $1 trillion economy by 2030.
The announcement comes ahead of Vibrant Gujarat, the investor's conclave in Gujarat, to be held in Gandhinagar on Wednesday.
The two-day Tamil Nadu Global Investors Meet (GIM) 2024, hosted by the DMK government, got off to a blistering start at the Chennai Trade Centre on January 7.
On day 1, the government released its Semiconductor and Advanced Electronics Policy, 2024, on a day when a slew of memoranda of understandings (MoUs) entailing mega-investments were signed.
The Tamil Nadu Global Investors Meet is a business summit organized by the Government of Tamil Nadu to facilitate domestic and foreign investments in the state.
