TNPSC Thervupettagam

Muthaleetalarkalin Muthal Mugavari – Investment Conclave

July 24 , 2021 1224 days 2595 0
  • The CM also said that within 2030 the GDP of Tamilnadu will be increased to one lakh crore US dollars or one trillion economy.
  • He has set a target to bring in investment of 23 lakh crore by 2030.
  • The State government signed Memoranda of Understanding for 35 new projects at an investment conclave in Chennai.
  • It is entailing investments worth over 17,000 crore.
  • The Chief Minister of Tamilnadu MK Stalin launched the Single Window Portal 2.0 with over 100 services spread across 24 departments for existing and new investors in a fully digitalised manner
  • The Guidance Tamil Nadu, the state nodal agency for investment promotion, entered into an MoU with the American Tamil Entrepreneurs Association to promote start-ups in the fields of innovation, research and development in Tamil Nadu.
  • This digital accelerator program sanctions grants to start-up projects engaged in innovation, research and development.
  • The state government has sanctioned Rs 5 crore for this programme.

Some of the major investment deals

  • Danish auto component manufacturer Dinex’s unit in Mahindra World City, Coral Manufacturing Works’ unit in Erode are inaugurated.
  • The foundation for liquid oxygen plant of INOX air products was laid at Hosur.
  • JSW Renew Energy Two Limited at Thoothukudi, Tirunelveli, Dindigul, and Tirupur.
  • German firm ZF Wabco at Sipcot Oragadam.
  • Singapore firm Capita Land in Ambattur.
  • Srivaru Motors in Coimbatore.
  • TCS Phase 3 for at Sipcot IT park Siruseri.

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