Jayalalithaa inaugurates Global Investors Meet 2015
Tamil Nadu's first Global Investors Meet (TNGIM 2015) was officially inaugurated by Chief Minister J Jayalalithaa today.
Industrialists Reliance Group chief Anil Ambani, Mahindra & Mahindra Chairman Anand Mahindra, ITC Chairman Y C Deveshwar, HCL founder Shiv Nadar, JSW Steel chief Sajjan Jindal, Adani Group chief Gautam Adani and Indian Oil Chairman B Ashok, Yes Bank Chairman Rana Kapoor, among others, attended the event.
Saying that he is an old investor in the state, Anand Mahindra said, "I am here as an ambassador for Tamil Nadu and to give a testimony of benefits of investing in the State."
Mahindra Group has set up Mahindra World City, an integrated business city, at Maramalai Nagar near Chennai. Mahindra Lifespace is now planning to set up another zone on the North part of Chennai. The Group's automotive business is also investing around Rs 4,000 crore to set up an automotive plant in the state.
HCL Founder Shiv Nadar said, "I belong to this state and I am happy to be here. Our investments are a continuous process. Global Investors Meet will give lot of momentum to the state." Yamaha's plant at Oragadam was also inaugurated by the Chief Minister during the summit.
During the two-day summit, the Tamil Nadu government plans to attract investments worth Rs 1 lakh crore. Around 5,000 delegates from across the world are expected to attend, and nine countries are participating.
Union minister of state for commerce and industry Nirmala Sitharaman, Minister of State for Road Transport, Highways and Shipping Pon Radhakrishnan, French Minister Paul Hermelin and Ambassadors of various countries were also present.
Senior representatives from Amway, NCR Corporation, Uber, PayPal, SunEdison, Ford, IBM, and General Electric also attended the event. The British business delegation was led by Nicola Bolton, managing director (global trade operations), UK Trade & Investment, London, and Bharat Joshi, British Deputy High Commissioner in Chennai.
Around 5,000 delegates are expected to participate in the two day meet. Sources in the government said these investments would translate to around 150,000 jobs over the next three years. About 100 MoUs are expected to be signed in the two days.
The state government is being assisted by national trade bodies such as Assocham, CII, FICCI and international organisations such as JETRO, KOTRA, MIBC and UK India Business Council. Tamil Nadu had organised 11 global and 13 national roadshows ahead of the summit. The state government had allocated around Rs 150 crore for the Global Investors Meet.