Tamil Nadu govt sanctions Rs 75 crore for second GIM edition

DECCAN CHRONICLE.
Published Feb 13, 2018, 6:14 am IST
Updated Feb 13, 2018, 6:14 am IST
The state has scheduled the international event next year and fixed the dates as January 23 and 24, 2019.
Tamil Nadu government logo
 Tamil Nadu government logo

Chennai: The industries department on Monday got a shot in the arm with the state announcing the sanctioning of Rs 75 crore for the second edition of Global Investors Meet (GIM). The state has scheduled the international event next year and fixed the dates as January 23 and 24, 2019.

An official release from the secretariat said Chief Minister Edappadi K Palaniswami has allocated Rs 75 crore for holding the meet and added that the work in this regard has begun with the state reaching out to domestic and global companies, industry bodies and investors from different parts of the world.

 

The release further said that the peaceful law and order situation, uninterrupted power supply, strong SME business infrastructure, several international airports, ports and skilled workforce were the parameters that position TN as an industrial state attracting investments.  When the industries secretary K. Gnanadesikan, was contacted, the top official said the 2015 GIM prototype will be followed and there will be some new additions to the ongoing plan. “This time we are focusing more on west Asia comprising Gulf countries. During 2015 GIM, the Gulf companies were visited as part of the road show and this time we are more confident of getting investments from this region,” industry secretary said.
Commenting about the other investing nations, Gnanadesikan said Tamil Nadu had always been a sought after destination for Korean, Japanese and US based companies. “We are in constant touch with them and we are also looking out for industries from Taiwan and China,” the additional chief secretary said.

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