Agreement with 60 companies at the investor conference! Employment for 95,000 people Dinamalar

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CHENNAI–In the presence of Chief Minister Stalin, 60 companies signed a memorandum of understanding with the government to invest Rs 1.25 lakh crore at the investors’ conference in Tamil Nadu yesterday.

Through this, 95,000 people will get job opportunities. At the conference, Chief Minister Stalin also announced the new policies of ‘Life Science Policy – 2022, Tamil Nadu Research and Development Policy – 2022’ and said that the government’s goal is to make Tamil Nadu a ‘smart’ state. On behalf of the Tamil Industries Department, ‘Investors’ First Address-Tamil; Investors Conference’ was held in Chennai yesterday.

In this conference, in the presence of Chief Minister Stalin, 60 companies entered into MoUs with the government to start new businesses in Tamil Nadu worth Rs 1.25 lakh crore. At the conference, Chief Minister Stalin announced the new policies of ‘Life Science Policy – 2022, Tamil Nadu Research and Development Policy – 2022’ and said: Tamil Nadu has ranked third in the list of the best states to start a business in the country; This is a great historical achievement. Tamil Nadu, which was ranked 14th last year, has secured the third position, which is the biggest credential for the DMK regime.



Development

In one year of coming to power, we have achieved a Himalayan record. The main reason for this is the Minister of Industry, Thangam Thenarara. I thought it would be right to have an enthusiastic, efficient, vibrant, brave and brave person to revive this industry, which was very weak in the past, and I chose him. Since taking charge, five investor conferences have been held so far. two in Chennai; one each in Coimbatore and Tuticorin; A conference has been held in Dubai. This is the Sixth Conference on Development for All; All sector development; All district development and all community development; peace; Indian and global companies are starting to come towards Tamil Nadu based on harmony.



conference destination

In addition to increasing the economy of Tamil Nadu to 79 lakh crore rupees, Tamil Nadu should become the most favorable state for investments in South Asia. Products produced in Tamil Nadu should reach all corners of the world. Investments should be made widely and evenly across the state. Through this, the goal of this conference is to achieve inclusive development.

Tamil Nadu Government is making all efforts to achieve these goals. It is gratifying that businessmen and companies have come forward to enter into a Memorandum of Understanding with great faith in the Government of Tamil Nadu. I assure you that the Government of Tamil Nadu will support you in getting all the necessary assistance and permits for your business projects. With the support of the growing financial services sector, the world’s largest Tamil Nadu Government has the best technology sector. For this, ‘Tamil Nadu Financial Technology Policy – 2021’ has already been released. A Financial Governance Council has been set up under the chairmanship of the Minister of Industry.

Currently, the website for ‘TN-Experience’ project has been launched. Through this project, technical services will be provided under one umbrella. Internet knowledge power is being created for this purpose. Tamil Nadu Industrial Development Corporation ‘TIDCO’ is gradually developing a FinTech City in Chennai with an area of ​​10 lakh square feet. Through this, the Fintech City will act as a hub for next generation technologies such as financial services and related activities. .



‘Smart’ state!

The ‘Tamil Nadu Financial Technology Investment Field Festival’ has been launched to create a platform for the innovative industries in Tamil Nadu and to make the innovative environment in Tamil Nadu known to venture capital companies and new investors. The goal of this government is to make Tamil Nadu a ‘smart’ state as an example to the world. At the investor conference, MoUs were signed for 11 financial projects. Financial incentives have been given to two institutions. New policies ‘Life Science Policy – 2022, Tamil Nadu Research and Development Policy – 2022’ have been published. Through this, the definition of attracting investments can be further extended. In one year of DMK coming to power, 192 MoUs worth 2.20 lakh crore rupees have been signed so far.

The industry has been advised to attract twice as much investment to the extent of Rs 1.50 lakh crore in the current year as compared to the investments attracted in 2021. Accordingly, including these MoUs, investments to the tune of Rs 2.25 lakh crore have been attracted so far. This is 2.5 times more than last year. Green hydrogen is a growing sector to meet future energy needs. In this, Acme Company is going to set up a green hydrogen and green ammonia production project in Tuticorin with an investment of 52 thousand 695 crore rupees. This project will greatly help the development of Tuticorin and Ramanathapuram districts.



In southern districts…

In the conference, 60 MoUs worth 1 lakh 25 thousand 244 crore rupees have been signed. Through this, 74 thousand 898 people will get employment. Of these, 68 percent are located in southern districts. Also, foundation stone was laid for 21 projects worth 22 thousand 252 crore rupees. Through this, 17 thousand 654 people will get job opportunities. Out of these 21 projects, 20 projects are contracts signed after the DMK took charge of the government. Similarly, 12 projects have been launched with an investment of 1,497 crore rupees and employment opportunities for 7,050 people. This is why contracts are becoming the launch party of companies. This is the biggest conference ever held.

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A larger conference should be held in the future. Tamil Nadu should become the best state in the field of industry, he said. Industry Minister Thangam Thannarasu, Department Secretary Krishnan, Managing Director of Industry Guidance Institute Pooja Kulkarni, CEO of ‘Tata Power’ Praveer Sinha, Acme Group Chairman Manoj Kumar Upadhyay were present at the event. Cubic’s chief financial officer, Peter van Meerlo, was among the participants.

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