MoUs worth Rs.242,160 crore inked at investors meet: Jayalalithaa

Chennai, Sep 10 (IANS) A record investment commitment of Rs.242,160 crore in Tamil Nadu was made by investors at the first Global Investors Meet 2015, said Tamil Nadu Chief Minister J.Jayalalithaa here on Thursday.

Delivering the valedictory address at the two-day event, Jayalalithaa said that in a resounding endorsement of Tamil Nadu and her government, 98 agreements were signed involving a total investment of Rs.242,160 crore – which is more than the cumulative investment agreements signed by the state government between 1991-2011.

The investments proposed is more than the double of the target set for the event.

Jayalalithaa said out of the total investments proposed in the state, Rs.104,286 crore will be in the manufacturing sector. Rs.107,136 crore in energy, Rs.10,950 crore in information technology (IT), Rs.1,955 crore in handloom and textiles, Rs.800 crore in agriculture and Rs.500 crore in fisheries sector.

According to her, agreements have been signed for setting up of 5,345 MW solar power projects involving an outlay of Rs.35,356 crore.

She said nearly 50 percent of the manufacturing sector projects for which agreements have been signed would come up in the southern districts of the state.

Jayalalithaa said the proposed liquefied natural gas (LNG) terminal at Tuticorin along with the one being set up at Ennore near here would secure the energy security of the state.

She assured the investors that necessary approvals would be given within 30 days of applying for them with all relevant documents under the single window clearance system, while her government would soon web enable all the clearance procedures.

The aim is to make Tamil Nadu as the top three investment destinations in Asia, she said.

Jayalalithaa also said her government would soon come out with farsighted policies on IT, IT Enabled Services (ITES), electronic hardware manufacturing, aerospace and defence production.

Bringing down the curtains on the two day mega event, she said the state would hold global investors meet every two years and the next edition will be held in 2017, she declared.

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