Amid high expectations, DMK government’s first investors’ meeting is all set to begin today
The Hindu
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The DMK government will host its first-ever Global Investors Meet (GIM) 2024 today, amid high expectations of attracting investment commitments surpassing those made at the two meets held during the AIADMK regime.
In 2015, the AIADMK government led by then Chief Minister J. Jayalalithaa hosted an investors meet that attracted investment commitments to the tune of ₹2,42,160 crore through 98 Memoranda of Understanding (MoUs). The second edition of GIM held by the AIADMK government in January 2019, under the leadership of then Chief Minister Edappadi K. Palaniswami, attracted investment commitments to the tune of ₹2,68,296 crore through 304 MoUs.
Many investments promised in GIM 2015 did not materialise. More than 27 projects were dropped and many are still in progress. Firms had also dropped their investments plans after inking deals in GIM 2019. Over 20 projects were dropped and 20 others were put on hold.
Unveiling the logo for GIM 2024 in August 2023, Chief Minister M.K. Stalin said this investors’ meet would attract investments worth several lakh crore rupees, boost employment opportunities, especially for women, and help the State achieve the goal of becoming a $1-trillion economy by 2030.
Since the DMK came to power, Tamil Nadu has attracted 241 proposals with a cumulative investment of ₹2,97,196 crore, ensuring job opportunities for 4,15,282 people. Industries Minister T.R.B. Rajaa, in all his meetings, has been stressing that MoUs inked during GIM 2024 would see a good conversion rate.
He had also said that the policies launched by the DMK government in the last two years had helped bring in more investments.
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