The two-day Global Investors Meet (GIM) commenced at Chennai's Trade Centre on Sunday, with the Dravida Munnetra Kazhagam (DMK) government in Tamil Nadu taking the lead in hosting the prestigious event. The GIM has become a focal point for international attention, drawing participants from 30 nations eager to explore the state's burgeoning opportunities in Electric Vehicle (EV) manufacturing and microchip production.
On the inaugural day of the GIM, the Tamil Nadu government successfully secured a remarkable overall investment of Rs 55,654 crore. The state's commitment to fostering a conducive business environment and its emphasis on cutting-edge sectors such as EV manufacturing and microchip production have piqued the interest of global investors.
Renowned companies, including Hyundai, Qualcomm, Tata Electronics, and others, formalized their commitment to Tamil Nadu by signing Memorandums of Understanding (MoUs). These agreements are poised to create approximately 58,000 jobs, contributing significantly to the state's employment landscape.
Tamil Nadu Industries Minister TRB Rajaa underscored the GIM's emphasis on the knowledge economy, positioning the state as a key player in propelling India to a prominent position in the global economic landscape. Minister Rajaa stated, “GIM will show how Tamil Nadu will enable India to reach its rightful place in the global economy and act as a turbo engine for India’s growth."
Union Minister Piyush Goyal, a prominent participant in the event, lauded the spirit of collaboration and cooperation among states, highlighting that healthy competition would be a driving force for economic growth across the nation.
Chief Minister MK Stalin, extending a warm welcome to the heads of global mega-companies, emphasized the historical significance of the land they have chosen for investment. He stated, "We will provide importance for women's empowerment, and I have initiated a goal to achieve a 1 trillion-dollar economy for Tamil Nadu by 2030.”
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