Second edition of Global Investors Meet to attract more investment in Tamil Nadu

Second edition of Global Investors Meet to attract more investment in Tamil Nadu

COIMBATORE: With industries from the country and abroad evincing interest to invest in Tamil Nadu, the forthcoming Global Investors Meet (GIM) is expected to attract more investment than the first meet in 2015, state Industries minister M C Sampath said on Sunday.nnHe said that during his visit to foreign countries for conducting roadshows, industries had assured him that they would invest in various sectors in the state, but that such a meet should have been held 10 to 15 years back.nnSampath was talking to reporters here on the sidelines of roadshow for the second edition of GIM to be held on January 23 and 24 in Chennai.nnIndustrialists in Gujarat have also assured to invest about Rs 20,000 crore, considering the conducive industrial climate in the state, he said.nnNoting that last GIM attracted 98 big projects, he said 68 were under implementation, with an investment of Rs 62,738 crore.nnOn the charge that the state government was focussing more on Coimbatore district than Chennai, he denied it and said the government gave approval to set up industries in the district without any bias.nnState Rural Industries minister, P Benjamin said with the introduction of Business Facilitation Act to simplify the approval through single window system, the government has approved 132 applications out of 181 received so far.nnSeeking to dispel the reports doing rounds that industrial climate in Tamil Nadu was not conducive, the Minister claimed that the state was among the top three in 12 industrial sectors.nnSource: Press Trust of India

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