2024: Big-ticket investments boost Tamil Nadu govt's $1 trillion dream

The GIM in January fetched the government Rs 6.64 lakh crore investment commitments by several companies that would generate 26 lakh new jobs in the state. The government during the Chief Minister's visit to the US signed 19 MoUs totalling to Rs 7,618 crore of investment commitments in the State that would generate 12,000 jobs.To give an impetus to the electric vehicle industry, the government is also in discussions with the state electricity board to enable setting up of charging facilities along arterial roads and highways as part of its efforts to support the EV industry. Nearly 40 per cent of EV four-wheelers produced in the country are from Tamil Nadu.The government in its bid to focus on its 'distributed growth' perspective, announced that mini-TIDEL Parks would be established in association with the State Industries Promotion Corporation of Tamil Nadu and established such facilities in Villupuram, Karaikudi, Tirunelveli.The Mini TIDEL Parks can accommodate about 500 IT professionals, equipped with air-conditioning facility, high-speed internet, uninterrupted power supply among others. The Mini-TIDEL Parks concept has the potential of taking the benefits of IT sector growth to smaller towns and villages of the State.Responding to the investment proposals bagged by the Tamil Nadu government, noted political analyst, Sumanth Raman commented that the government has to establish a dashboard in public domain, so as to ensure one would be able to understand how much of the investments committed by the companies has actually come into the state.