Committed to a new growth model, Tamil Nadu plans to take a big leap forward in industrial growth with Wednesday’s Global Investors Meet (GIM) by firming up investments worth over Rs. 1 lakh crore.
Across 12 sectors, companies and even countries have committed the investment, with the State government promising faster clearances of proposals and improving infrastructure, especially in the power sector. Of the investments promised, 40 per cent will come from the manufacturing sector and another 40 per cent from the energy sector, sources say. About 10 per cent investment will be by IT and ITES companies.
On Tuesday, the government finalised and signed MoUs with most of the companies at the TIDCO office. The MoUs will be showcased at the event.