TN Investment Conclave 2024: CM Stalin Launches 47 Projects Worth Rs 68,773 Cr

Tamil Nadu Chief Minister MK Stalin on Wednesday inaugurated 19 projects worth Rs 17,616 crores and laid the foundation stone for 28 projects worth 51,157 crores.
State Industry Minister TRB Raja believes with today's inauguration of projects job opportunities would be created for 64,968 people. Chief Minister MK Stalin stressed that entrepreneurs got confidence in Tamil Nadu that they can run businesses here peacefully and proved that in the last three years, Tamil Nadu has seen many industries.

Stalin inaugurated the 'Tamil Nadu investment conclave 2024' in a private hotel in Chennai. During the event, he inaugurated 19 projects, laid the foundation stone for 28 projects and a Memorandum of Understanding (MoU) was also signed between the companies and the Tamil Nadu government.

There is also one big investment from a Singapore-based company 'Semcorp' which has invested around Rs 36,000 crores.

"Tamil Nadu to be Green Hydrogen Capital. The first green hydrogen molecule to start from Tamil Nadu in India. Today this is big, this is the outcome of the MoU between Japan - Singapore and us. In Thoothukudi this is going to coming up" TRB Raja said in a press brief.

Notably, the MoU was signed between the Tamil Nadu Government and Greenko Company to start three closed-loop pump storage facilities in the State will bring an investment of Rs 20.114 crores and create jobs for 1500 people.

The Chief Minister also laid the foundation stone for 'TN ENGINE' which is a joint initiative of Tata Technologies & Tamil Nadu Engineering & Innovation Centre to set up an advanced common engineering facility centre for 9 emerging technologies for Rs 400 crores in Anna University campus, Coimbatore. For the first phase, CM today laid the foundation stone for initial works worth Rs 166.88 crores.

While addressing the gathering Chief Minister MK Stalin said, "In last 3 years we have attracted 9 lakhs 74 thousand crores to create direct & indirect job opportunity for 31 lakhs people. With opportunities, families also developed and lived well. Everyone knows that investors usually prefer better law and order and a peaceful state. Entrepreneurs have confidence in Tamil Nadu that they can run businesses here peacefully proving that in the last three years, Tamil Nadu has seen many industries".

Chief Minister also mentioned, "Over 1 lakh jobs are going to be created. And the maximum would be for women. This government is focusing on the development of women and that's what we will continue to do. Since these projects are being established in different districts, the socio-economic development of the districts is getting multifold.
Stalin also emphasized that Tamil Nadu is a state which has an abundance of skill.

"The highest number of women workforce. Women are safe in Tamil Nadu which the entire world knows. Infrastructure is getting better and making life easier for all. This is what we cos under our duty. Over 130, Fortune 500 industries have chosen Tamil Nadu and this is the proof. The youth of Tamil Nadu have the maximum skill and are successful everywhere. We are requesting the industries to make use of our youth. We will always highly support and help in improving the standards of our people," he said.
Speaking to ANI, State Industry Minister TRB Raja said that Tamil Nadu is going towards a trillion-dollar economy which is the Chief Minister's goal.

"A trillion dollar economy, that is his (the CM) focus and to get there we will need a vibrant Tamil Nadu. For this, every corner of Tamil Nadu needs to see economic growth. Every investment that comes in Tamil Nadu is focused on giving jobs. Today, you see Rs 68,773 crores worth of inaugurations and foundation stone laying are happening and this will give employment to over 1.6 lakh people across the state. This will rejuvenate the entire local economy and help us in achieving our one trillion-dollar economy goal," he said. (ANI)