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FDI in tonnes increased by 41.5%, more investments via Gim 2023 expected: Cm

The government of Tamil Nadu has made a remarkable image shift as an ideal destination for global investment, leading to an increase in foreign direct investment (FDI) of 41.5%, and measures would be taken to attract more investments in the state by organizing a global meeting of investors. (GIM) by the end of 2023, Chief Minister MK Stalin said on Wednesday.

Efforts would also be made to attract more investment via the annual meeting of the World Economic Forum in Switzerland in May, an event in Hannover in Germany, a Global Offshore Wind in June in England and the United States, he said. declared.

Making a statement to the Assembly, the Chief Minister said that the government under the leadership of the DMK had managed to secure thousands of crores of rupees as investments.

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“Tamil Nadu has signed 130 Memorandums of Understanding (MoU) for investments worth Rs 68,375 crore to generate 2,05,802 jobs since the DMK came to power 10 months ago,” the minister said in chief.

Referring to his four-day trip to Dubai and Abu Dhabi, he said the Tamil Nadu government had signed agreements on investments of Rs 6,100 crore and these could generate employment opportunities for 15 100 persons.

From April to December 2021, FDI increased by 41.5%. “We will attract more investment through the GIM to be held by the end of 2023 and generate employment opportunities,” Stalin said, saying the various measures taken by the government had boosted investor confidence.

In addition, Guidance, an agency facilitating investment in Tamil Nadu, won the award for best investment promotion agency in the Asia-Oceania region, he said.

(Edited by : Anand Singha)

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