Global Investors Meet to redeem Tamil Nadu's image
5 years, 11 months ago

Global Investors Meet to redeem Tamil Nadu's image

Deccan Chronicle  

Chennai: The Global Investors Meet 2019 begins its two-day marathon mission on Wednesday to bring in massive investments from across the globe into Tamil Nadu and perhaps redeem the state’s slipped-up ranking as an investment destination. During the last one month, the state cabinet cleared investment proposals worth Rs 65,000 crore, which are expected to be signed at GIM 2019. The proposals include a Rs 27,450 crore project by Indian Oil Corporation arm, Chennai Petroleum Corporation and Hyundai’s Rs 7,000 crore investment plan. If it was Jayalalithaa’s death in December 2016, multiple factors causing protests in the state and crippling some critically important industries-such as Sterlite in Thoothukudi-have made investors wary of TN as a safe destination.

History of this topic

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