Opportunities to invest in Tamil Nadu galore CM Stalin to industrialists in Dubai
Chennai Mar 26 PTI Tamil Nadu Chief Minister M K Stalin on a visit to Dubai to woo investors has invited industry captains and business leaders to invest in the State by saying opportunities were available in abundance On his maiden trip overseas after assuming office in May 2021 Stalin addressing a conference organised by Guidance Tamil Nadu said I take this opportunity to invite you to Tamil Nadu to engage in a partnership of investment innovation growth and prosperity During the conference named Tamil Nadu – Investors First Port of Call a pact to invest Rs 1600 crore in the State was signed in the presence of Stalin and government officials of Dubai MD and CEO of Guidance Bureau Pooja Kulkarni exchanged documents with officials of Noble Steels White House and Transworld Group of Companies for the Rs 1600-crore investment which would create employment for 5200 people in Tamil Nadu Noble Steels would invest Rs 1000 crore that would see creation of 1200 new jobs while White House earmarked Rs 500 crore to set up integrated sewing plant that would see generation of 3000 jobs Transworld Group of Companies would invest Rs 100 crore to set up a food park which would generate 1000 new jobs official sources said Stating that the United Arab Emirates and Tamil Nadu share a long history of rich cultural and trade relations he said We are committed to develop and strengthen the ties There is keen interest to further strengthen the ties between Tamil Nadu and UAE and this is evident after seeing the number of participants in this conference he said Terming Dubai as a beautiful city Stalin said it is not only beautiful but has also become a place where huge businesses take place Fifty years back the population was less than one lakh in Dubai But today it has increased and people are in awe globally he said The Chief Minister listed out some of the popular landmarks of Dubai including the 2217-foot tall Burj Khalifa shopping malls and Palm Jumeirah Islands which saw strong growth as a business centre Appealing to the industry captains to invest in Tamil Nadu Stalin said he took up the overseas trip after assuming office to strengthen economic relations between Tamil Nadu and Dubai I invite you all to make big investments in Tamil Nadu he said Despite the COVID-19 pandemic Tamil Nadu has signed 124 memoranda of understanding MoUs attracting investments of USD 8 billion thereby creating two lakh jobs he said Tamil Nadu has registered a GDP of 58 per cent in 2020-21 in contrast to negative growth in most economies This clearly shows the faith and confidence global investors have in Tamil Nadu he said Noting that the State government has drawn up plans to increase the GDP to USD 1 trillion by 2030 Stalin said the government has taken up upgrading infrastructure and developing the skills of the employees to make the achievement In this context there are large number of opportunities available for you to invest Opportunities were in abundance in real estate tourism and hospitality sector he said adding that the State was home to more than 75 Fortune 500 companies Our doors are always open to do business and to take up investments he said PTI VIJ NVG NVG
Chennai Mar 26 PTI Tamil Nadu Chief Minister M K Stalin on a visit to Dubai to woo investors has invited industry captains and business leaders to invest in the State by saying opportunities were available in abundance On his maiden trip overseas after assuming office in May 2021 Stalin addressing a conference organised by Guidance Tamil Nadu said I take this opportunity to invite you to Tamil Nadu to engage in a partnership of investment innovation growth and prosperity During the conference named Tamil Nadu – Investors First Port of Call a pact to invest Rs 1600 crore in the State was signed in the presence of Stalin and government officials of Dubai MD and CEO of Guidance Bureau Pooja Kulkarni exchanged documents with officials of Noble Steels White House and Transworld Group of Companies for the Rs 1600-crore investment which would create employment for 5200 people in Tamil Nadu Noble Steels would invest Rs 1000 crore that would see creation of 1200 new jobs while White House earmarked Rs 500 crore to set up integrated sewing plant that would see generation of 3000 jobs Transworld Group of Companies would invest Rs 100 crore to set up a food park which would generate 1000 new jobs official sources said Stating that the United Arab Emirates and Tamil Nadu share a long history of rich cultural and trade relations he said We are committed to develop and strengthen the ties There is keen interest to further strengthen the ties between Tamil Nadu and UAE and this is evident after seeing the number of participants in this conference he said Terming Dubai as a beautiful city Stalin said it is not only beautiful but has also become a place where huge businesses take place Fifty years back the population was less than one lakh in Dubai But today it has increased and people are in awe globally he said The Chief Minister listed out some of the popular landmarks of Dubai including the 2217-foot tall Burj Khalifa shopping malls and Palm Jumeirah Islands which saw strong growth as a business centre Appealing to the industry captains to invest in Tamil Nadu Stalin said he took up the overseas trip after assuming office to strengthen economic relations between Tamil Nadu and Dubai I invite you all to make big investments in Tamil Nadu he said Despite the COVID-19 pandemic Tamil Nadu has signed 124 memoranda of understanding MoUs attracting investments of USD 8 billion thereby creating two lakh jobs he said Tamil Nadu has registered a GDP of 58 per cent in 2020-21 in contrast to negative growth in most economies This clearly shows the faith and confidence global investors have in Tamil Nadu he said Noting that the State government has drawn up plans to increase the GDP to USD 1 trillion by 2030 Stalin said the government has taken up upgrading infrastructure and developing the skills of the employees to make the achievement In this context there are large number of opportunities available for you to invest Opportunities were in abundance in real estate tourism and hospitality sector he said adding that the State was home to more than 75 Fortune 500 companies Our doors are always open to do business and to take up investments he said PTI VIJ NVG NVG
