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{{Infobox recurring event|name=Tamil Nadu Global Investors Meet|years_active=|website={{URL|https://www. | {{Infobox recurring event | ||
| name = Tamil Nadu Global Investors Meet | |||
| years_active = | |||
| website = {{URL|https://www.tngim2024.com}} | |||
| organised = | |||
| budget = | |||
| genre = Investment summit | |||
| attendance = | |||
| participants = | |||
| first = 2015 | |||
| location = [[Chennai]] | |||
| native_name = | |||
| frequency = | |||
| next = Tamil Nadu Global Investors Meet 2024 | |||
| prev = Tamil Nadu Global Investors Meet 2019 | |||
| ends = | |||
| begins = | |||
| date = | |||
| caption = | |||
| imagesize = | |||
| image = | |||
| logo = File:TNGIM_2024_cropped.png | |||
| logosize = 160px | |||
| footnotes = | |||
| organized = [[Government of Tamil Nadu]] | |||
| venue = [[Chennai Trade Centre]] | |||
}} | |||
'''Tamil Nadu Global Investors Meet''' ('''TNGIM''') is a business summit organized by [[Government of Tamil Nadu]] to facilitate domestic and foreign investments in the state. The first of these summits took place in 2015 and later in 2019. The next meet is scheduled to take place in January 2024. | |||
== | ==2015== | ||
The | The first meet was organized by the then [[chief minister of Tamil Nadu]] [[J. Jayalalithaa]] at the [[Chennai Trade Centre]] in [[Chennai]]. The government signed more than 100 [[Memorandum of Understanding|MoU]]s with various investors to raise ₹2.4 lakh crores of investment.<ref>{{Cite news|date=11 September 2015|title=Tamil Nadu turns investors' pride; Global Investors Meet attracts Rs 2.4 lakh crore|url=https://www.deccanchronicle.com/150911/nation-current-affairs/article/tamil-nadu-turns-investors%E2%80%99-pride-global-investors-meet|access-date=11 September 2015|newspaper=[[Deccan Chronicle]]|language=en}}</ref> | ||
==2019== | |||
The second meet was organized by then [[chief minister of Tamil Nadu]] [[Edappadi K. Palaniswami]] and was held on 23 and 24 January 2019 at the same location as the previous meet.<ref>{{cite web|url=https://www.indianembassybrussels.gov.in/pdf/TN-GIM-Brochure-2019.pdf|title=TN GIM 2019 brochure.pdf|publisher=Indian Embassy, Brussels|access-date=5 March 2020}}</ref> The [[Government of Tamil Nadu]] facilitated the signing of 304 MoUs for a total investment of ₹3 lakh crores (US$42 billion).<ref>{{cite news|url=https://www.thehindu.com/news/cities/chennai/gim-to-bring-3-lakh-cr-in-investments-to-tn/article26084111.ece|title=Tamil Nadu Global Investors Meet 2019: MoUs worth ₹3 lakh cr. signed, says Edappadi Palaniswami|date=25 January 2019|work=[[The Hindu]]|access-date=2020-03-05|language=en-IN|issn=0971-751X}}</ref><ref>{{Cite news|url=https://www.livemint.com/news/india/tamil-nadu-s-2nd-edition-of-global-investors-meet-to-begin-wednesday-1548159603582.html|title=Tamil Nadu's 2nd edition of global investors meet to begin Wednesday|last=Thangavelu|first=Dharani|date=22 January 2019|website=Mint|language=en|access-date=5 March 2020}}</ref> [[Adani Group]] and [[Indian Oil Corporation]] committed to investing ₹28,000 crores (US$3.9 billion), the majority of which was to develop the [[Kattupalli Shipyard|Kattupalli shipyard]].<ref>{{cite news|url=https://www.thehindu.com/news/national/tamil-nadu/adani-iocl-commit-over-28000-crore-in-investments/article26076215.ece|title=Tamil Nadu Global Investors Meet 2019: Adani, IOC commit to over ₹28,000 crore investments|date=24 January 2019|work=[[The Hindu]]|access-date=5 March 2020|language=en-IN|issn=0971-751X}}</ref> [[Japan]] announced that [[All Nippon Airways]] would start daily flights between [[Tokyo Narita International Airport|Narita]] and [[Chennai International Airport|Chennai]] to facilitate economic development.<ref>{{cite news|last=Kandavel|first=Sangeetha|url=https://www.thehindu.com/news/national/tamil-nadu/from-october-direct-flights-from-chennai-to-narita-says-japanese-envoy/article26076238.ece|title=Tamil Nadu Global Investors Meet 2019: From October, direct flights from Chennai to Narita, says Japanese envoy|date=14 January 2019|work=[[The Hindu]]|access-date=5 March 2020|language=en-IN|issn=0971-751X}}</ref> | |||
== | == 2024 == | ||
On 10 August 2023, Chief Minister [[M. K. Stalin]] unveiled the new logo and announced the dates for the Tamil Nadu Global Investors Meet 2024, which is set to take place on 7 and 8 January 2024.<ref>{{cite news|url=https://www.thehindu.com/news/national/tamil-nadu/cm-unveils-logo-for-tamil-nadu-global-investors-meet-2024/article67181120.ece|title=CM unveils logo for Tamil Nadu Global Investors’ Meet 2024|date=10 August 2023|work=[[The Hindu]]|access-date=5 October 2023}}</ref> The focus sectors for investments include [[automobile]], [[electronics]], [[Information technology]], [[electric vehicles]], [[aerospace]], [[renewable energy]], [[pharmaceuticals]], [[textiles]], [[chemicals]], [[food processing]], [[Heavy industry|heavy engineering]], [[leather]] and [[fintech]].<ref>{{cite web|url=https://tngim2024.com/|title=TNGIM 2024|publisher=[[Government of Tamil Nadu]]|access-date=27 October 2023}}</ref> | |||
The Investors meet attracted ₹6.64 lakh crore investment which was double the investment than the 2019 meet.<ref name=":0">{{Cite web |last=Bureau |first=BL Chennai |date=2024-01-08 |title=TN Global Investors Meet 2024 attracts record investments of ₹6.64-lakh crore |url=https://www.thehindubusinessline.com/news/tn-global-investors-meet-2024-attracts-record-investments-of-664-lakh-crore/article67719459.ece |access-date=2024-01-21 |website=www.thehindubusinessline.com |language=en}}</ref> The largest Investors were [[Tata Power]] ( ₹70,800 crore), [[Adani Group|Adani group]] (₹42,768 crore), Singapore’s [[Sembcorp]] (₹36,238 crore), Leap Green ( ₹22,000 crore) and CPCL Ltd (₹17,000 crore).<ref name=":0" /> The [[Godrej Consumer Products|Godrej Consumer Products Limited]] (GCPL) also signed an MoU with the Tamil Nadu state government to build a manufacturing facility near Chennai. About 50% of the employees will be women, along with 5% of employees from [[LGBT|LGBTQ]] community and people with disability (PWD).<ref>{{Cite web |title=Godrej: Godrej Cons to build manufacturing facility in Tamil Nadu, to invest Rs 515 cr |url=https://economictimes.indiatimes.com/industry/cons-products/fmcg/godrej-cons-to-build-manufacturing-facility-in-tamil-nadu-to-invest-rs-515-cr/articleshow/102601220.cms |access-date=2024-01-21 |website=[[The Economic Times]]}}</ref> | |||
== See also == | == See also == | ||
* [[Economy of Tamil Nadu]] | * [[Economy of Tamil Nadu]] | ||
*[[Economy of Chennai]] | *[[Economy of Chennai]] | ||
{{Portal|India|Business}} | |||
== References == | == References == | ||
Latest revision as of 07:45, 25 April 2024
| Tamil Nadu Global Investors Meet | |
|---|---|
 | |
| Genre | Investment summit |
| Venue | Chennai Trade Centre |
| Location(s) | Chennai |
| Inaugurated | 2015 |
| Previous event | Tamil Nadu Global Investors Meet 2019 |
| Next event | Tamil Nadu Global Investors Meet 2024 |
| Organized by | Government of Tamil Nadu |
| Website | www |
Tamil Nadu Global Investors Meet (TNGIM) is a business summit organized by Government of Tamil Nadu to facilitate domestic and foreign investments in the state. The first of these summits took place in 2015 and later in 2019. The next meet is scheduled to take place in January 2024.
2015[edit | edit source]
The first meet was organized by the then chief minister of Tamil Nadu J. Jayalalithaa at the Chennai Trade Centre in Chennai. The government signed more than 100 MoUs with various investors to raise ₹2.4 lakh crores of investment.[1]
2019[edit | edit source]
The second meet was organized by then chief minister of Tamil Nadu Edappadi K. Palaniswami and was held on 23 and 24 January 2019 at the same location as the previous meet.[2] The Government of Tamil Nadu facilitated the signing of 304 MoUs for a total investment of ₹3 lakh crores (US$42 billion).[3][4] Adani Group and Indian Oil Corporation committed to investing ₹28,000 crores (US$3.9 billion), the majority of which was to develop the Kattupalli shipyard.[5] Japan announced that All Nippon Airways would start daily flights between Narita and Chennai to facilitate economic development.[6]
2024[edit | edit source]
On 10 August 2023, Chief Minister M. K. Stalin unveiled the new logo and announced the dates for the Tamil Nadu Global Investors Meet 2024, which is set to take place on 7 and 8 January 2024.[7] The focus sectors for investments include automobile, electronics, Information technology, electric vehicles, aerospace, renewable energy, pharmaceuticals, textiles, chemicals, food processing, heavy engineering, leather and fintech.[8]
The Investors meet attracted ₹6.64 lakh crore investment which was double the investment than the 2019 meet.[9] The largest Investors were Tata Power ( ₹70,800 crore), Adani group (₹42,768 crore), Singapore’s Sembcorp (₹36,238 crore), Leap Green ( ₹22,000 crore) and CPCL Ltd (₹17,000 crore).[9] The Godrej Consumer Products Limited (GCPL) also signed an MoU with the Tamil Nadu state government to build a manufacturing facility near Chennai. About 50% of the employees will be women, along with 5% of employees from LGBTQ community and people with disability (PWD).[10]
See also[edit | edit source]
References[edit | edit source]
- ↑ "Tamil Nadu turns investors' pride; Global Investors Meet attracts Rs 2.4 lakh crore". Deccan Chronicle. 11 September 2015. Retrieved 11 September 2015.
- ↑ "TN GIM 2019 brochure.pdf" (PDF). Indian Embassy, Brussels. Retrieved 5 March 2020.
- ↑ "Tamil Nadu Global Investors Meet 2019: MoUs worth ₹3 lakh cr. signed, says Edappadi Palaniswami". The Hindu. 25 January 2019. ISSN 0971-751X. Retrieved 5 March 2020.
- ↑ Thangavelu, Dharani (22 January 2019). "Tamil Nadu's 2nd edition of global investors meet to begin Wednesday". Mint. Retrieved 5 March 2020.
- ↑ "Tamil Nadu Global Investors Meet 2019: Adani, IOC commit to over ₹28,000 crore investments". The Hindu. 24 January 2019. ISSN 0971-751X. Retrieved 5 March 2020.
- ↑ Kandavel, Sangeetha (14 January 2019). "Tamil Nadu Global Investors Meet 2019: From October, direct flights from Chennai to Narita, says Japanese envoy". The Hindu. ISSN 0971-751X. Retrieved 5 March 2020.
- ↑ "CM unveils logo for Tamil Nadu Global Investors' Meet 2024". The Hindu. 10 August 2023. Retrieved 5 October 2023.
- ↑ "TNGIM 2024". Government of Tamil Nadu. Retrieved 27 October 2023.
- ↑ 9.0 9.1 Bureau, BL Chennai (8 January 2024). "TN Global Investors Meet 2024 attracts record investments of ₹6.64-lakh crore". www.thehindubusinessline.com. Retrieved 21 January 2024.
{{cite web}}:|last=has generic name (help) - ↑ "Godrej: Godrej Cons to build manufacturing facility in Tamil Nadu, to invest Rs 515 cr". The Economic Times. Retrieved 21 January 2024.