The maiden foreign visit of Chief Minister Edappadi K Palaniswami has already started to make heads turn as 16 companies based in the US have signed Memoranda of Understanding (MoUs) to invest Rs 2,780 crore in the state, in the presence of the CM.
Chennai:
An official release of the State government stated that 16 leading US companies such as Jean Martin, Aquil Systems, Scitus Pharma, Nurray Chemicals, Jogo Health, ST LNG, Saram 4, Emerson, Aspire Consulting, Revature LLC, Zillion Technologies and so on have agreed to invest in the state.
Apart from them, Haldia Petrochemicals and Naphtha Cracker Unit have agreed in principle to invest around Rs 50,000 crore here and have signed an agreement.
The Chief Minister held a meeting with educationalists and investors in New York on Tuesday and in the meeting, more than 200 investors participated, a release stated.
Representatives from companies like Ford and Caterpillar also took part and shared their experience of investment in the state and the friendly atmosphere prevailing in TN. US Ambassador to India, Frank Wisner too participated in the meeting and elaborated on the ease of doing business in the state. “Wisner had told the investors that Tamil Nadu is the best state in the country to do businesses,” stated the official release.
The investors were also explained about the advantages of investing in various sectors such as Information Technology (IT), Fintech, Aerospace, aeronautical engineering, production of e-vehicles and so on.
Later, EPS, in his address, had informed the investors steps taken by the State government to boost investments, incentives for ease of doing business, availability of natural and human resources in the state and the advantages of investing in TN while compared to other states. Tamil Nadu is one of the leaders in attracting investments in the country as two Global Investors Meet (GIM) were conducted, once in 2015 and another in 2019. The first GIM attracted investments to the tune of Rs 2.42 lakh crore and the second GIM attracted investments to the tune of Rs 3.04 lakh crore.