While inaugurating the Global Investors’ Meet in Chennai Trade Centre, Nandambakkam yesterday morning, Tamil Nadu chief-minister J. Jayalalithaa said that the Meet was a huge success as investments by industrialists worth more than Re.1 lakhs crore had already been made.
“It is my privilege to announce that we have crossed out target of acquiring investments to the tune of not less than Re.1 lakh crores; in order to encourage industrialists to launch their projects in the Southern region of the State, the Govt. would intends to provide maximum concessions to those who invest in this region,” the chief-minister said while inaugurating the 2-day Global Investors’ Meet.
“It’s a historic meet taking place in Chennai. Tamil Nadu remains 3rd on the list of getting maximum investments in the country. It has the perfect environment and all necessary infrastructures for all sorts of industry. In the service sector, Tamil Nadu is at the forefront. Economic development in the State is only the second in the country. In motor vehicles manufacturing, Tamil Nadu is the most sought-after hub in India.
“I shall announce tomorrow the break-up of the details of investment. Those who launch industries in Southern part of the State would be given concessions and permits for new industries would be granted in 30 days. Tamil Nadu ranks first in the country in micro, macro industries; a perfect and peaceful environment prevails here for industries. Central Ministers should come forward to implement more projects in the State.
“At last, the industrial policy formulated by me in 1992 has started bearing fruits. By 2023, the per capita income of the State would be on par with the per capita income of the country,” she said and added that Yamaha was launching a huge workshop in Vadakal near Vallam in Kancheepuram. “Tamil Nadu would have to travel along the path of progress along with the rest of the world,” she concluded.