TNPSC Thervupettagam

T.N. Global Investors Meet - first day

January 9 , 2024 192 days 769 0
  • 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.

Leave a Reply

Your Comment is awaiting moderation.

Your email address will not be published. Required fields are marked *

Categories