Chennai, Jan 9: Tamil Nadu Chief Minister M K Stalin announced on Monday that the state has successfully secured investments exceeding Rs 6 lakh crore during the Global Investors Meet (GIM) 2024 held in Chennai.
Stalin revealed that companies committed to a total investment of Rs 6,64,180 crore during the valedictory session of GIM-2024. This substantial investment is expected to create significant job opportunities, with 14,54,712 direct jobs and 12,35,945 indirect jobs in the pipeline.
Breaking down the investment figures, Stalin highlighted that the Department of Industries, Investment Promotions and Commerce attracted Rs 3,79,809 crore, the Energy Department secured Rs 1,35,157 crore, the Housing and Urban Development Department garnered Rs 62,939 crore, and the Information Technology and Digital Services department contributed Rs 22,130 crore. Additionally, the MSME sector generated Rs 63,573 crore, playing a crucial role in supporting larger industries.
Stalin emphasized the geographical distribution of these investments across the state, ensuring balanced regional development.
Expressing ambitious economic goals, the Chief Minister announced a target to elevate Tamil Nadu into a $1 trillion economy by 2030. He highlighted the release of policies across various sectors with the aim of boosting production, exports, and employment.