Tamil Nadu to hold investor meet with focus on MSMEs

The Global Investors Meet (GIM) planned by the Tamil Nadu government in Chennai is expected to give a major thrust to the micro, small and medium enterprise (MSME) sector in the state.

The meet, scheduled for September 9-10, will seek to realise the state's vision of inclusive growth through investment inflows, creation of jobs, balanced regional development and environmentally sustainable long-term development, a state government official said.

During the meet a special thrust will be given to the MSME sector, one of the major sources of employment in the state, he added.

"Many companies, mainly SMEs, from countries like Malaysia, Japan and neighbouring countries have shown interest to either invest or form joint ventures, and the GIM will be a platform for this," the official said.

An exhibition coinciding with the GIM has also been scheduled at the Chennai Trade Centre. Over 5,000 national and international delegates are expected to participate, and the products of over 250 exhibitors and partner nations will be displayed.

The state has set a target of signing memorandums of understanding worth Rs 100,000 crore during the GIM. Among the 12 focus sectors that have been identified for the GIM are food processing and agribusiness, automobile and auto components, renewable energy and electronics hardware.