TN attracts Rs 3.4 lakh crore investment at GIM: CM

As the curtains came down on the two-day high profile Global Investors Meet in Chennai, Chief Minister Edappadi K Palaniswami has said MoUs worth Rs 3.4 lakh-crore have been signed.
Speaking at the valedictory of the GIM-2019, 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.

Earlier, speaking at the start of the event on Wednesday, he said, "The response in terms of both investment proposals as well as delegate registration for GIM 2019 has far exceeded our expectations. Proposals for new investments have been pouring in ever since we started preparations... This is a momentous occasion in the history of industrialisation of Tamil Nadu, which will set new records of investment."