Only 7 of 17 IT agreements signed during Tamil Nadu GIM 2015 have taken off, data reveals
The Hindu
It’s been five years now, and only 7 of the 17 Memoranda of Understanding (MoUs) signed by the Information and Technology Department during the first edition of the Global Investors Meet (GIM) 2015 have fully fructified and commenced operations.
Data collated from the Electronics Corporation of Tamil Nadu Limited (ELCOT) through a Right To Information (RTI) application shows that five projects are still in the under-construction stage and in various stages of implementation. A firm called W.S. Industries India Limited had signed a deal with the State government for constructing an IT park involving investments of ₹1,517 crore but there are no details about that MoU now. Four projects from GIM 2015 that were inked with Hewlett Packard India Private Limited, Intel Technology India Private Limited, Sutherland Global Services Limited and ASV Constructions Private Limited have been dropped. But ASV Constructions had signed another deal with the State government during the second edition of GIM that happened in 2019.
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