Indiaherald Group of Publishers P LIMITED

close save
crop image
Thu, Feb 21, 2019 | Last Updated 11:47 pm IST

Menu &Sections


TN receives 2,00,000 Crore Investment during GIM 2019

TN receives 2,00,000 Crore Investment during GIM 2019
TN receives 2,00,000 Crore Investment during GIM 2019

Chennai sources stated that Tamilnadu Chief Minister K. Palaniswami on Wednesday said the state has attracted over Rs 200,000 crore of investments during the Global Investors Meet-2019 (GIM-2019). Meanwhile when speaking at the inaugural function of GIM's second edition in Chennai, Palaniswami said "This edition has targeted an investment of 2 lakh crore rupees, which I am happy to say has already been exceeded."

Furthermore he said the final tally of investment proposals would be announced on Thursday. Reports added proposals for new investments have been pouring in the last one year, since preparation for GIM-2019 started. Further Palaniswami said the first GIM was held in 2015 which attracted 98 investment proposals with an investment commitment of Rs 2.42 lakh crore over three to seven years period.

TN receives 2,00,000 Crore Investment during GIM 2019

Moreover he said about 35 companies from Tamilnadu have already signed Transfer of Technology agreements with the Defense Research Development Organization (DRDO). Palaniswami remarked "LMW is establishing an aerospace and defense components manufacturing unit in Coimbatore. Many more such projects are on the anvil". Reportedly he said the state government has promoted an exclusive aerospace and defense park in 250 acres, which can be expanded to 700 acres in Sriperumbudur near Chennai.

TN receives 2,00,000 Crore Investment during GIM 2019
5/ 5 - (1 votes)
Add To Favourite
More from author
TN Govt plans to introduce Board Exams for Class 5 & 8
Guntur District farmer committed suicide, doubts raised
UK no longer preferred market for Indian investment due to Brexit factor
Pakistan Cricketers portrait removed from HPCA
DMK Congress deal soon!
What's the problem for DMDK?
India receives support from Israel!
Public shocked after tremors in Delhi!
APTA achieved India Book of record by making longest bamboo chicken in India
Budget of Rs 3,116 crore for 2019-20 unveiled by TTD
Chennai Metro Rail to install WiFi facilities at all stations
Saudi Arabia-India plans to set up a ''Strategic Partnership Council'
Donald Trump planning to meet North Korean Leader Kim Jong-Un again
Is Nagarjuna making his Political entry?
Why Rahul Gandhi made a surprise visit to AP Bhawan?
Panther seen in parking area of Korum Mall in Thane
Why KCRs Cabinet has no Women in his Party?
25 lakhs be given to family of CRPF Jawan by Kerala Govt
Surya Kiran Aircraft crashed in Bengaluru during rehearsal
BJP making desperate attempts to woo its allies
Gold prices skyrocket!
Saudi comes to Pak support!
Mastermind of Pulwama attack dead!
Kamal's takes a dig at Stalin!
YS Jagan needs to be reminded charity begins at home
Ex-PM highlights rural indebtedness, urban chaos
PMK will support AIADMK- BJP front in Tamilnadu in general elections
French researchers found 5.8 million Indane customer records
Will Sania Mirza be removed as brand ambassador of Telangana ?
Freedom we have is very expensive due to CRPF Employees
Why India raised Pulwama attack issue at Munich Conference?
RBI found large divergence in the books of Yes Bank
Tamilisai welcomes Kamal speech!
Kiran Bedi Vs Narayanasamy intensifies!
Kaduvetti Guru's mother against Anbumani!
4 soldiers die in a fight!
About the author

Bharath has been the knowledge focal point for the world, As Darvin evolution formula End is the Start ... Bharath again will be the Knowledge Focal Point to the whole world. Want to hold the lamp and shine light on the path of greatness for our country Bharath.