Realisation of GIM investment commitment has begun: Jaya

Nearly a year after Tamil Nadu hosted its first Global Investors Meet (GIM), Chief Minister J Jayalalithaa today said companies which had promised investments at the meet have so far invested Rs 25,020.48 crore in the state.
Recalling that the state attracted investments worth Rs 2,42,160 crore through 98 MoUs at the GIM last year, she said so far, 64 companies have begun work to commence businesses on an investment of Rs 87,062 crore.
The GIM was held here in September, 2015 and Jayalalithaa had then announced that such a meet would be held every two years.
"So far, these companies have invested Rs 25,020.48 crore (in the state) and other enterprises have undertaken necessary preliminary works," she said in a suo motu statement.

Making a slew of new announcements, she said a biotechnology incubation centre would be set up at an outlay of Rs 20 crore at TICEL Bio Park here on a 12,000-square feet area with all the required infrastructure.
It would provide opportunities for start-ups, entrepreneurs and innovators and nurture the growth of biotechnology, she said.

"World class" infrastructure would be put in place in two years at SIPCOT Cheyyar Industrial Complex. This would cost around Rs 100 crore on a 1,000-acre spread in the first phase.
Basic amenities will be buttressed at the proposed Aerospace Park in Kanchipuram district at an outlay of Rs 30 crore and improvement works undertaken at state-run Tamil Nadu Newsprint and Papers Limited (TNPL) at a cost of Rs 25 crore.

Also, a TNPL unit in Tiruchirappalli district, launched in 2015, would further be developed at a cost of Rs 35 crore, Jayalalithaa said.
She also announced development works at Ariyalur through Tamil Nadu Cements Corporation, in association with the district administration, to the tune of Rs 13.52 crore.
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The Chief Minister also made a slew of announcements for the agriculture sector, including procuring farm equipment to be rented to the farmers.
The government will purchase 50 tractors of 60-70 horse power (HP), multi-crop threshers and rotary drill equipment at a cost of Rs 21.43 crore and give them to the farmers on rent, she said.

Further, as part of promoting mechanisation of agriculture to address the shortage of farm labourers, the government has provided a subsidy of Rs 299.83 crore for farmers in the last five years to buy various equipment, Jayalalithaa said.
This year, the government has earmarked Rs 31.06 crore for the purpose, she added.