Global business summit fetches Tamil Nadu investments worth Rs 3 trillion

State signs agreements worth over Rs 3 trillion at the end of the two-day Global Investors Meet.

Tamil Nadu signed agreements worth over Rs 3 trillion at the end of the two-day Global Investors Meet (GIM) in Chennai on Thursday, saying investments will create 1.05 million jobs in a state that boasts of quality infrastructure.

Companies from petroleum, power, infrastructure, automobile, FMCG and other sectors took part in the summit, which the state government said attracted investments beyond capital city Chennai.

Chief Minister Edappadi K Palaniswami, in his valedictory speech, said 304 agreements called memoranda of understanding (MoU) were signed in two days.

Indian Oil Corporation (IOC) subsidiary Chennai Petroleum Corporation Ltd (CPCL) signed a MoU worth Rs 27,474 crore