Tamil Nadu Global Investors Meet 2024

(இதன் தமிழ் வடிவத்திற்கு இங்கே சொடுக்கவும்)

An Introduction

• The Tamil Nadu Global Investors Meet 2024, hosted by the DMK government, took place in Chennai Trade Centre on January 7 and 8.
• The Chief Minister M.K. Stalin revealed plans to transform the state into a $1 trillion economy by 2030.
• Tamil Nadu Government unveils official logo for Global Investors Meet 2024.
• It is representing Tamil letter 'த' (tha) and symbolizing progress and prosperity.
• The Tamil Nadu Global Investors Meet boosted the state's strong investment climate.
• It is highlighting its exceptional industrial ecosystem and skilled workforce to global investors.
• The core theme of the event were the core themes of leadership, sustainability, and inclusivity, driving the state towards its ambitious economic goals.

Participation and Collaboration

• The event witnessed active engagement from nine partner countries.
• It includes the USA, UK, Japan, Australia, France, Germany, Denmark, Singapore, and South Korea.
• International partners like Western Australia and Taipei Economic & Cultural Centre (TECC) collaborated with the Government of Tamil Nadu, enhancing the event's global reach.

Investment commitments

• A remarkable total of 631 MoUs were inked during the event.
• It is reflecting an unprecedented investment commitment of Rs 6,64,180 crores.
• These agreements are poised to generate direct employment for 14,54,712 individuals and total employment opportunities for 26,90,657 persons.
• Investments span across various sectors, including advanced electronics, green energy, automotive, aerospace, and information technology, among others.

Policy Initiatives and Launches:

• The event included the launch of the Tamil Nadu Semiconductor and Advanced Electronics Policy 2024 and the Public-Private Partnership Policy.
• The Chief Minister also revealed "The Roadmap to Achieve a $1 Trillion Economy by 2030," outlining the state's economic plan.

Tamil Nadu's Economic Landscape:

• Tamil Nadu, India's second-largest state economy and a pivotal industrial center, presents abundant investment prospects across various sectors.
• Tamil Nadu's strong industrial base is backed by supportive governance, modern infrastructure, abundant resources, and skilled workforce, attracts global investors.
• With continued progress, it aims to reach a trillion-dollar economy by 2030, ensuring sustainable growth and prosperity for all.

Renewable Energy and Sustainable Infrastructure Development

• Tata Power is to expand solar plant in Tirunelveli with ₹70,800 crore investment, generating 3,800 jobs.
• Adani Group is to invest ₹42,768 crore for Data Centre, renewable energy, city gas distribution, and more, employing over 10,000 people.
• Sembcorp is to establish green hydrogen plant in Thoothukudi with ₹36,238 crore investment, creating 1,500 jobs.
• Leap Green Energy is to set up green hydrogen power storage plant in Thoothukudi with ₹17,400 crore investment, providing over 3,300 jobs.
• ZF Windpower is to expand renewable energy manufacturing in Coimbatore with ₹750 crore investment, creating 200 jobs.
• Shall Markets India is to invest ₹1,070 crore in renewable energy project and Global Capacity Centre, generating 50,000 jobs.

Industrial Expansion and Technological Advancement

• CPCL is to invest ₹17,000 crore in petrochemical and refinery units in Nagapattinam, creating 2,400 jobs.
• L&T is to build Innovation Campus in Chennai with ₹3,500 crore investment, employing over 40,000 people.
• Saint Gobain is to establish new units and expand existing ones in Kancheepuram, Tiruvallur, and Erode with ₹3,400 crore investment, creating 1,100 jobs.
• Royal Enfield is to invest ₹3,000 crore, generating 2,000 jobs.
• Salcomp is to expand electronics manufacturing in Kancheepuram with ₹2,271 crore investment, employing 15,000 people.
• Stellantis Group is to invest ₹2,000 crore in car manufacturing in Tiruvallur.
• Ramkrishna Titagarh Rail Wheels is to set up facility in Tiruvallur for train wheels with ₹1,850 crore investment, creating 1,400 jobs.
• Mahindra is to build industrial parks and resorts with ₹1,800 crore investment, employing 4,000 people.
• Festo India is to establish manufacturing facility in Krishnagiri with ₹520 crore investment, creating over 2,000 jobs.
• Tata Chemicals is to build chemical complex in Ramanathapuram with ₹1,000 crore investment, creating 500 jobs.
• Ramco Cements is to modernize facilities in Virudhunagar and Salem with ₹999 crore investment, creating 150 jobs.
• ENES Ramaraj is to install units in 13 districts with ₹1,000 crore investment, creating 13,000 jobs.

Expanding R&D and Innovation Centers

• Hitachi Energy is to expand R&D centre in Chennai with ₹100 crore investment, creating 1,500 jobs.
• Fanuc India is to establish Robotics Experience Centre in Kancheepuram with ₹55 crore investment.
• UPS India Technology Centre is to invest ₹44 crore in global capability centre in Chennai, generating 1,999 jobs.
• Microsoft DC is to set up Data Centre in Chennai with ₹2,740 crore investment.
• Sify Technologies is to build data centre with ₹2,500 crore investment, creating 300 jobs.

Footwear and Apparel Manufacturing Expansion

• Long Yin Investment is to manufacture non-leather footwear with ₹1,500 crore investment, creating 22,000 jobs.
• TKG Taekwang is to manufacture non-leather footwear with ₹1,250 crore investment, creating 9,000 jobs.
• Shahi Exports is to install apparel units with ₹1,000 crore investment, creating 22,000 jobs.
• Hong Fu Industrial Group is to manufacture non-leather footwear in Ranipet with ₹500 crore investment, generating over 22,000 jobs.

Healthcare and Pharmaceuticals

• Kauvery Hospitals is to expand healthcare facilities in Tamil Nadu with ₹1,200 crore investment, creating 7,500 jobs.
• Caplin Group is to establish pharmaceutical units and R&D facility across multiple locations with ₹700 crore investment, creating 1,500 jobs.

Aerospace and Defense Industry Growth

• Boeing India is to expand aerospace R&D centre in Chennai with ₹309 crore investment, employing 500 people.
• JAM Infra (Jindal Defence) is to set up aerospace components manufacturing unit with ₹1,000 crore investment, creating 800 jobs.

Automotive and Agricultural Machinery

• Anand Group is to expand automotive and EV component manufacturing in three districts with ₹987 crore investment, creating over 1,300 jobs.
• Hinduja Group is to expand business across multiple locations with ₹1,200 crore investment, creating 500 jobs.
• TAFE is to broaden tractor range with ₹500 crore investment, generating 1,000 jobs.

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