Tamil Nadu eyes Rs one lakh crore investment in Global Investors Meet
Chennai: Tamil Nadu has set an ambitious target of attracting Rs one lakh crore investment during the upcoming Global Investors Meet (GIM), showcasing the state as the 'most preferred' destination in the country for investors, Chief Minister O Pannerselvam said on Saturday.
"At present, Tamil Nadu is in the forefront in promoting industrial investment. It is one of the most favoured investment destinations in India. According to Annual Survey of Industries 2012-13, Tamil Nadu is the State with the largest number of factories in India," he said.
Speaking at the Curtain Raiser for GIM, slated to be held here from May 23-24, he said to catapult Tamil Nadu to the first position, the state had formulated the Vision Tamil Nadu 2023 document, which he described as the blueprint of development agenda.
"During the event, the government expects to attract additional concrete investments of at least Rs 1 lakh crore," the Chief Minister said.
"The grand vision aims to make Tamil Nadu the most prosperous and progressive State in India. It targets a per capita income of USD 10,000 by 2023", he said.
"The Government would reinforce the image of Tamil Nadu as the "most business friendly" destination. For all upcoming projects, single window clearances will be given within one month", he said.
Designated senior officers will be assigned as "escort officers" to assist groups of industries in obtaining clearances, he said.
Listing out the objectives of GIM, Industries Additional Chief Secretary C V Sankar said the focus would be on promoting the brand image of state.
Releasing the logo for the GIM 2015, Sankar said the State was the second largest contributor to India's GDP while it ranked third in terms of exports.
During the GIM, the focus sectors would be automobile, textiles, aerospace, food processing, IT and IT enabled services, infrastructure and renewable energy.
Several investors including those from Fotune 500 companies had confirmed participation he said, but declined to specify the numbers.
Japan had already become partner country for GIM 2015, he said and added that two or three road shows would be held in overseas locations to attract investors.
