1. Realisation of GIM investment commitment has begun: Jayalalithaa

Realisation of GIM investment commitment has begun: Jayalalithaa

Nearly a year after Tamil Nadu hosted its first Global Investors Meet (GIM), Chief Minister J Jayalalithaa today said companies which had promised investments at the meet have so far invested Rs 25,020.48 crore in the state.

By: | Chennai | Published: August 31, 2016 5:57 PM
Also, a TNPL unit in Tiruchirappalli district, launched in 2015, would further be developed at a cost of Rs 35 crore, Jayalalithaa said.(Source:PTI) Also, a TNPL unit in Tiruchirappalli district, launched in 2015, would further be developed at a cost of Rs 35 crore, Jayalalithaa said.(Source:PTI)

Nearly a year after Tamil Nadu hosted its first Global Investors Meet (GIM), Chief Minister J Jayalalithaa today said companies which had promised investments at the meet have so far invested Rs 25,020.48 crore in the state.

Recalling that the state attracted investments worth Rs 2,42,160 crore through 98 MoUs at the GIM last year, she said so far, 64 companies have begun work to commence businesses on an investment of Rs 87,062 crore.

The GIM was held here in September, 2015 and Jayalalithaa had then announced that such a meet would be held every two years.

“So far, these companies have invested Rs 25,020.48 crore (in the state) and other enterprises have undertaken necessary preliminary works,” she said in a suo motu statement.

Making a slew of new announcements, she said a biotechnology incubation centre would be set up at an outlay of Rs 20 crore at TICEL Bio Park here on a 12,000-square feet area with all the required infrastructure.

It would provide opportunities for start-ups, entrepreneurs and innovators and nurture the growth of biotechnology, she said.

“World class” infrastructure would be put in place in two years at SIPCOT Cheyyar Industrial Complex. This would cost around Rs 100 crore on a 1,000-acre spread in the first phase.

Basic amenities will be buttressed at the proposed Aerospace Park in Kanchipuram district at an outlay of Rs 30 crore and improvement works undertaken at state-run Tamil Nadu Newsprint and Papers Limited (TNPL) at a cost of Rs 25 crore.

Also, a TNPL unit in Tiruchirappalli district, launched in 2015, would further be developed at a cost of Rs 35 crore, Jayalalithaa said.

She also announced development works at Ariyalur through Tamil Nadu Cements Corporation, in association with the district administration, to the tune of Rs 13.52 crore.

Machinery, equipment and tipper trucks would be procured for state-run Tamil Nadu Minerals at a cost of Rs 20 crore to enhance its production capacity, she said.

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