TN govt postpones Global Investors Meet to September

Tamil Nadu government's flagship Global Investors Meet (GIM) in May was today postponed to September following requests from overseas investors, who sought more time to finalise the projects.
The meet was to be held on May 23 and 24, as announced by former Chief Minister Jayalalithaa in Assembly last year. She had said Rs 100 crore would be allocated to it.
Setting the tone for conducting the event, the government had undertaken roadshows in France, United Kingdom, Japan, South Korea, Singapore, Malaysia and Germany.
Similar roadshows were held in India in Bengaluru, New Delhi, Hyderabad, Ahmedabad and Coimbatore.
Noting that considerable interest was shown in investing in Tamil Nadu during the roadshows, an official release said "many foreign investors have represented that they would be in a position to commit much larger investment with some more time being made available to finalise such investment proposals".

"Further, a strong feedback has been received from many foreign investors that the event may be held after the summer season. The Global Investors Meet will now be held on September 9 and 10 at Chennai," it said.

For those who had already finalised investments in the state, government said necessary clearances would be given and Government Orders, including those committing necessary facilitation would be issued to them to enable signing of MoUs during the event.
"So far, investments worth Rs 53,000 crore in sectors other than energy and Rs 23,000 crore in the energy sector, totalling Rs 76,000 crore, have been lined up for signing of MoUs," the Government claimed.

Further roadshows are planned in China, Taiwan, and Pune, Mumbai, Kolkata, Salem, Madurai and Tuticorin, the release said.