Tamil Nadu Global Investors Meet 2024: Rs 6.64 lakh crore investments, 27 lakh jobs, find out all key takeaways

The proposed investments cover electronic goods manufacturing, green energy, non-leather shoes, motor vehicles, electric vehicles, aerospace and defense, data centers, global capability centers, and information technology.

Several public sector undertakings and micro, small and medium enterprises (MSME) have also signed MoUs with their respective investment commitments.

A statement issued by the government noted that CM Stalin’s vision is to elevate the state into a flourishing economy with a target of 1 trillion dollars by 2030. In pursuit of this, the Tamil Nadu GIM was organised, aiming to enhance the already excellent investment climate fostered over the last two-and-a-half years and to showcase the strong and outstanding industrial ecosystem and future-ready workforce of the state to global investors.

The event saw the active participation of nine partner countries, namely USA, UK, Japan, Australia, France, Germany, Denmark, Singapore, and South Korea and international partners — Western Australia and Taipei Economic & Cultural Centre (TECC).

Tata Power, Adani among investors

The key investments are by Tata Power (Rs 70,800 crore), Sembcorp (Rs 37,538 crore), Adani Group (Rs 42,768 crore), Vinfast (Rs 16,000 crore), Tata Electronics (Rs 12,082 crore), JSW (Rs 12,000 crore), Hyundai (Rs 6,180 crore), and TVS (Rs 5,000 crore), Pegatron Rs 1000 crore, Saint Gobain Rs 3,400 crore.

The significant highlights of the event include the launch of the Tamil Nadu Semiconductor and Advanced Electronics Policy 2024, Public-Private Partnership Policy and release of ‘The Roadmap to achieve a $1 Trillion Economy by 2030’ by CM Stalin.

This apart, panel discussions and fireside chats were held involving more than 150 veterans from various sectors and industry leaders. The experts shared their views and insights on various aspects of the industrial and economic set-up in Tamil Nadu. A total of 26 sessions covering a wide spectrum of topics were held during the two-day event.

TANFUND portal – the startup funding platform of Tamil Nadu to connect Tamil Nadu-based startups with global funds to raise investment was launched. The StartupTN Arena had 41 stalls by startups from 23 sectors, including 20 funded by the state government.

“The meet witnessed the participation of CEOs of several global companies, investors from more than 30 countries and from across various parts of India, ambassadors and consul generals, students from government and private colleges taking the total number of participants to more than 20,000 over the two days,” a statement read.

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