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T.N. Global Investors Meet - first day
January 9 , 2024
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- The Tamil Nadu Global Investors Meet (GIM) 2024 was hosted by the government at the Chennai Trade Centre.
- The previous two editions of the GIM were held in 2015 and 2019 under the erstwhile AIADMK regime.
- The GIM, will act as a catalyst for economic and industrial growth.
- The event has witnessed encouraging response and is expected to bring pride and investment to Tamil Nadu.
- Multiple policies have been announced by the State.
- The CM inaugurated First Solar’s fully integrated solar manufacturing plant in Sriperumbudur.
- A slew of MOUs was exchanged through the day.
- The State government signed a pact with Vietnamese electric vehicle (EV) maker VinFast for setting up its plant in Thoothukudi.
- Tata Electronics signed an MoU to invest ₹12,082 crore for an enclosure manufacturing and mobile phone assembly unit in Krishnagiri district.
- Hyundai Motor India has committed additional investments of ₹6,180 crore for setting up a unit to manufacture internal combustion engine (ICE) and EV passenger cars, and EV batteries in Kancheepuram district.
- It will collaborate with IIT-Madras on “Hydrogen Valley Innovation”.
- Qualcomm announced a significant expansion in Chennai with a new facility for their Design Centre.
- Apple’s supplier Pegatron inked a pact for investing ₹1,000 crore on a computing, communications, and consumer electronics manufacturing unit in Chengalpattu.
- JSW Energy will invest around ₹10,000 crore for its expansion plans in Thoothukudi and Tirunelveli districts.
- Godrej Consumer Products Ltd. is investing around ₹515 crore and TVS Group will be investing ₹5,000 crore to provide employment to around 500 persons.
- Mitsubishi will be investing ₹200 crore for a project in Gummidipoondi near Chennai.
- AP Moller Maersk has signed an MoU for transport and logistics solutions and Global Capability Centres across Tamil Nadu.
- Reliance Industries Limited, said the company is committed to making new investments in Tamil Nadu in renewable energy and green hydrogen sectors.
- Jio has invested over ₹35,000 crore in Tamil Nadu, bringing the fruits of digital revolution to 35 million subscribers in every town and village in the State.
- Godrej Consumer Products Limited said the company aspires to develop the Chengalpattu facility as a “lighthouse factory”.
- Here the “best in sustainability, safety and automation is done with an inclusive and gender-balanced workforce”.
- The government has given incentives on its commitment to employ at least 50% of women and 5% of employees from the LGBTQI community and persons with disabilities.
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