“Invest in Tamil Nadu, invest in shared future,” said J Jayalalithaa, chief minister of Tamil Nadu inaugurating the first ever Global Investors Meet — 2015 in the city on Wednesday.
Addressing a delegation of over 5,000 people including foreign investors and representatives from nine countries — UK and Russian Federation, the CM said that though the target was Rs 1 lakh crore worth investments, it has been exceeded on the first day itself. Speaking before the delegation of over 1,000 investors and government representatives from various states and countries such as Australia, Canada, Japan, South Korea, France, Italy, United Kingdom, Singapore and Russia, she said Tamil Nadu stands as the third highest state in the country to attract foreign direct investments.
She also launched three industrial projects worth Rs 2,568 crore including an Yamaha manufacturing unit, Ticel Biopark and TVS Motors expansion plant in Hosur. Shiv Nadar, chairman and founder of HCL announced the allocation of $1 billion for investments in Tamil Nadu including two development centres of HCL in Madurai and Tirunelveli.
An official source said 80 per cent of the investment proposals promised are in energy and manufacturing sectors while 10 per cent in IT and related areas.