Global Investors' Meet 2024: Tamil Nadu Bags Rs 6.64 L Crore Commitments, Eyes 26 Lakh Jobs

During his closing remarks at Global Investors Meet 2024, Stalin announced that companies have pledged a collective investment of Rs 6,64,180 crore in Tamil Nadu.

Stalin reassured the industrialists that all required clearances for these new investments would be streamlined through a single-window clearance process.

Source : Twitter/@CMOTamilnadu

Tamil Nadu Chief Minister M K Stalin said investments of over Rs 6 lakh crore have been promised by various companies during Global Investors' Meet 2024 organised by DMK in the state. During his closing remarks at GIM 2024, Stalin announced that companies have committed to a combined investment of Rs 6,64,180 crore in Tamil Nadu. He emphasized that this substantial investment is projected to generate a significant number of jobs, totaling 26,90,657 lakh in both direct and indirect capacities across the state.

Speaking before party cabinet colleagues and prominent business figures, including Anand Mahindra, the chairman of the diversified conglomerate Mahindra Group, and TAFE Ltd Chief Mallika Srinivasan, Stalin reassured the industrialists that all required clearances for these new investments would be streamlined through a single-window clearance process.

"I am happy and proud to inform this august gathering that due to our tireless efforts and your participation during this Global Investors' Meet we have attracted an unprecedented Rs 6,64,180 crore of investments, " Stalin said.

"A total of 26,90,657 jobs is expected to be generated from these investments that include direct employment for 14,54,712 persons and indirect employment for 12,35,945 persons," he said.

The CM said that the state set an ambitious target to make Tamil Nadu a USD 1 trillion economy by 2030 and to play a key role in India's economic growth.

Providing specific figures on the overall investments, Stalin stated that the Industries, Investment, Promotion, and Commerce Department garnered commitments amounting to Rs 3,79,809 crore. The Energy Department secured Rs 1,35,157 crore in commitments, while the Housing and Urban Development Department received investment commitments totaling Rs 62,939 crore. Additionally, the Information Technology and Digital Services sector attracted investments worth Rs 22,130 crore. Stalin also mentioned that the Micro, Small, and Medium Enterprises department received investment commitments of Rs 63,573 crore.