Global investors meet: TN gets Rs 2.42 lakh cr investment proposalshttps://indianexpress.com/article/business/business-others/global-investors-meet-tn-gets-rs-2-42-lakh-cr-investment-proposals/

Global investors meet: TN gets Rs 2.42 lakh cr investment proposals

Solar energy sector alone has received proposals worth Rs 35,356 crore, which would add a total capacity of 5,345 mega watt if implemented.

Exceeding the target of one lakh crore, Tamil Nadu Global Investors Meet 2015, held in the city on Wednesday and Thursday, has received Rs 2,42,160 crore investment commitment. Tamil Nadu chief minister J Jayalalithaa said that the investment exceeds the cumulative investment attracted through all MoUs signed by the state government over the 20 year period from 1991 to 2011.

The state has signed 98 MoUs in the meet. Of the total investment proposals, Rs 1,04,286 crore is in manufacturing sector, mainly focusing at the large scale availability of land in state’s southern districts, Rs 1,07,136 crore worth proposals received in power sector, Rs 10,950 crore in IT sector, Rs 1,955 crore in handloom sector, Rs 800 crore in agriculture sector and Rs 500 crore in fisheries.

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Medium and Small Enterprises have signed MoUs worth Rs 16,533 crore.

Solar energy sector alone has received proposals worth Rs 35,356 crore, which would add a total capacity of 5,345 mega watt if implemented. “Attractive package of incentives will be assured to encourage investors to go to southern districts of TN,” Jayalalithaa said. Establishment of an LNG terminal at Thoothukudi, along with the LNG terminal at Ennore, would secure the long term energy security of the state and further enhance the competitiveness of the manufacturing sector, she said.