Tamil Nadu to hold global investors' summit in May 2015

Announcement comes on the day Gujarat holding roadshow in Chennai for Vibrant Gujarat 2015

On the day the Gujarat government held a road show to market its investor summit 'Vibrant Gujarat 2015' here, the Tamil Nadu government announced dates for its Global Investors’ Meet (GIM) scheduled in May next year.

The TN government’s announcement came minutes after Saurabh Patel, finance, energy and petrochemicals minister, started addressing industrialists to invite them to the summit and invest in the state.

The GIM will be held on May 23 and 24. Before March 2016, the state is targeting to attract Rs 1 lakh crore, said Tamil Nadu industry minister P Thangamani later in a meeting.

An exhibition to showcase the state’s competitive strengths, investment opportunities, avenues of collaboration etc will be held during the event. International partners for the summit include Japan, USA, France, Germany, UK and South Korea.

Gujarat has roped in Australia, Canada, Japan, The Netherlands, Singapore, South Africa and UK as international partners.

Before the main event, focused discussions with potential investors from the shortlisted sectors will be held to finalise their investment plans so that a large number of MoUs could be signed on the day of the main event, he said.

Jetro (Japan External Trade Organisation), USIBC (US-India Business Council), and Kotra (Korea Trade-Investment Promotion Agency) were some of the partner organisations for the event, according to him. Further, the government also proposes to sign agreements with major industry associations like CII, Ficci, Assocham and MCCI.

During the two-day meet, the state proposes to highlight sectors including electronics and electronics hardware, textiles, agro and food processing, IT/ITeS, biotechnology & pharmaceuticals, automobiles and auto components, chemicals & petrochemicals, engineering and infrastructure including roads, minor port development, power.

PricewaterhouseCoopers (PwC) has been selected as a knowledge partner and the Tamil Nadu Industrial Guidance & Export Promotion Bureau (Guidance Bureau) will function as the secretariat for conducting the event. Gujarat has roped in KPMG as partner for 'Vibrant Gujarat'.

In the last three years, Tamil Nadu has attracted Rs 52,379.28 crore through 76 projects. These projects will create 189,000 jobs.