Chennai, NFAPost: The two-day Tamil Nadu Global Investors Meet (TN GIM 2024) has attracted Rs 6,64,180 crore worth of investments with a total of 26,90,657 jobs being expected to be generated from these investments.
The second day of GIM saw big ticket investments from Tata Power Renewable Energy which has committed an investment of Rs 70,000 crore for renewable energy projects at multiple loactaions in the state, four MoU pledges from Adani group of companies to the tune of Rs 42, 768 crore, Sembcorp’s Rs 36,238 crore, Leap Green Energy’s Rs 17,400 crore and Chennai Petroleum Corporation Ltd’s Rs 17,000 crore.
Other investment commitments include Saint-Gobain’s Rs 3,400 crore, Royal Enfield’s Rs 3,000 crore, Sify Technologies’ Rs 2,500 crore, Microsoft India’s Rs 2,740 crore, Stellantis EV’s Rs 2,000 crore, Hinduja Group’s Rs 1,200 crore, Tata Chemicals Rs 1,000 crore, TAFE’s Rs 500 crore and Boeing India’s Rs 309 crore.
Among the Adani group companies, Adani Green will be investing Rs 24, 500 crore in three PSPs in the next five to seven years which will generate employment for 3000 to 4000 people during active construction. Adani Connex has pledged to invest Rs 13,200 crore in hyper scale data centre over the upcoming seven years, creating employment opportunities for 1000 people.
Adani Cements (Ambuja Cements) will be investing Rs 3,500 crore in three cement grinding units over the next five years which will generate employment for 5000 people. Adani Total proposes to invest Rs 1,568 crore in next eight years, generating jobs for 300 persons.
Tamil Nadu Chief Minister M K Stalin said the government will constitute a special committee under the industries minister to monitor the progress of these investments.
“The committee will comprise of officials from industries department and Guidance TN. The committee will do everything to facilitate the transition of these MoUs into completed projects,” said Tamil Nadu Chief Minister M K Stalin.
Out of the total investments worth Rs 3,79,809 crore have been mobilised through the department of industries, investment promotions and commerce, Rs 1,35,157 crore by the energy department Rs 62,939 crore through the housing and urban development department and Rs 22,130 crore through the information technology and digital services department.
A sum of Rs 63,573 crore has been generated by the MSME sector that provides an enabling support system to large industries, the chief minister said.
Stalin assured the industrialists that all the necessary clearances for the new investments would be issued through single window clearance. On day 1, the government also 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 chief minister also unveiled ‘Tamil Nadu Vision $ 1 trillion’ report. More than 40,000 people have registered for the two-day event in addition to over 450 international delegates from 50 countries, largely comprising of industry leaders and representatives of global conglomerates.
