Tamil Nadu eyes Rs 2.4 trn investments from second Global Investment Meet

Adani, GMR, Hyundai, Saint Gobain among companies to sign MoUs; state has already cleared proposals worth Rs 65,000 cr, which are likely to be signed at GIM 2019

The stage is set for Tamil Nadu's second Global Investors Meet (GIM), which starts in Chennai on January 23. The state hopes that at the end of the two-day meet, it will come away with about 140 MoUs worth over Rs 2.4 trillion -- the amount it claims was committed during the maiden summit in 2015. MoUs in the pipeline include those with Adani Port, Hyundai, GMR, Saint Gobain and Indian Oil Corporation's subsidiary, among others.

During the past one month, the Tamil Nadu cabinet cleared investment proposals worth Rs 65,000 crore, which are expected to be signed at GIM 2019.

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