Global Investors Meet to be held by the end of 2023, says Stalin

Tamil Nadu government’s policies have boosted investors’ confidence, says the Chief Minister

Chief Minister M.K. Stalin on Wednesday announced that the Global Investors Meet (GIM) would be held at the end of 2023. According to him, the pro-industrial policies of the government had boosted the confidence of industrialists, who were keen on investing in Tamil Nadu.

“Between April and December, 2021, the foreign direct investment in Tamil Nadu has increased by 41.5%. We will attract more investment through the GIM and generate employment opportunities for the youth,” he said in a suo motu statement in the Legislative Assembly.

The Chief Minister said Guidance, the agency facilitating investment in the State, had won the Best Investment Promotion Agency award in the Asia Oceania Region.

Explaining that his recent visit to the Dubai Expo had resulted in signing a memorandum of understanding (MOU) for 14 projects worth ₹6,100 crore, capable of generating 15,100 jobs, he said the government had begun efforts for the second phase to attract investment.

“Efforts are on to meet investors in the World Economic Forum’s annual meeting in Switzerland in May, the event in Hanover in Germany, the Global Offshore Wind in June in England and investors in the U.S.,” he said.

He also pointed out that the government, after coming to power, had signed 130 MOUs for investment to the tune of ₹ 68,375 crore to generate 2,05,802 jobs.