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Tamil Nadu to delay global investors meet by a year

No official reason given for postponement, sources say political scene may have prompted move

Edappadi, Palaniswami, Tamil Nadu
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Edappadi K Palaniswami

T E Narasimhan Chennai

Tamil Nadu’s second global investors meet (GIM) is likely to be delayed by a year to 2018. 

In September 2015, during the conclusion of the first GIM organised by the All India Anna Dravida Munnetra Kazhagam (AIADMK) government, the then Chief Minister J Jayalalithaa had said the government would hold a GIM every two years.

However, addressing chief executives of various companies here, Tamil Nadu Chief Minister Edappadi K Palaniswami said the next GIM will be held in 2018.

The state claimed that during the first meet, 98 memoranda of understanding (MoUs) worth Rs 2.42 lakh crore were signed.