HC demands report on Global Investors Meet-2015

Close on the heels of the conclusion of Global Investors Meet-2019, the Madras High Court has sought a report on the previous edition of GIM, which was conducted in 2015. The HC has directed the Tamil Nadu government to submit a report on how many factories were started after GIM-2015, how many people got employment and how many MoUs were signed.
The first edition was conducted when J Jayalalithaa was the Chief Minister. The court asked the government to explain how many agreements were signed between 2015 and 2019.

Talking at the valedictory of the second edition of the GIM on Thursday evening, Chief Minister Edappadi K Palaniswami said MoUs worth Rs 3.4 lakh-crore have been signed. He termed the the second edition of the Global Investors Meet a grand success and announced the state’s prioritised effort to launch electric car manufacturing facilities. He said the response his government received from investments and proposals was surpassing all expectations, and added that the signing of 146 Memorandums of Understanding (MoUs) worth Rs 3.4 lakh crore will promise job opportunities for about 10.5 lakh people in the state.

We have been able to attract both foreign and domestic investments, he said. He added that MoUs include investment commitments from Japan, South Korea, Taiwan, Germany, France, Finland, USA and China.