TN draws investments worth Rs 2.73 lakh cr during 2 yrs of DMK rule

Tamil Nadu has secured investments worth Rs 2,73,448 lakh crore by signing 224 memorandum of understandings with companies after the DMK government came to power in May 2021, the state government said on Tuesday. Chief Minister M K Stalin, as a part of efforts to woo investors to the government’s maiden Global Investor Meet, scheduled to be held in 2024, would undertake a trip to Japan and Singapore later this month. Earlier in the day, Stalin laid the foundation stone of the manufacturing unit of Mitsubishi Electric India, near here. The electronic equipment manufacturer has committed investments to the tune of Rs 1,891 crore in Tamil Nadu. A government release said soon after the DMK government assumed office (May 7,2021), Tamil Nadu attracted investments worth Rs 2,73,448 crore by signing memorandum of understandings with 224 companies which would generate 4,10,561 new jobs, the release said. Speaking at the foundation stone laying ceremony, Stalin said in a bid to attract investors to the Global Investors Meet in January 2024, he would be travelling to Japan and Singapore on May 23.