Tamil Nadu Global Investors Meet 2024 Aims for $1 Trillion Economy

The Tamil Nadu Global Investors Meet (GIM), a significant event initiated by the government, commenced on January 7 at the Chennai Trade Centre. This edition of the event will witness the participation of over 30 nations, including 9 partner countries.

The Tamil Nadu government has published a report outlining its strategy to propel the state towards a $1 trillion economy by 2030. This ambitious goal has been a prominent focus for the Stalin government since May 2021. Although Tamil Nadu has previously organized two editions of the Global Investors Meet (GIM) in 2015 and 2019, this upcoming event will mark the first under the leadership of M.K. Stalin.

During the two-day Tamil Nadu Global Investors Meet 2024, Investors unveiled their strategies for significant investments in the state. More than 450 delegates from various parts of the world have traveled to attend this prestigious event.

The primary objective of the government is to generate additional employment opportunities for the younger generation and women in rural areas. Another notable region that has experienced progress is Krishnagiri and Hosur. The market for manufacturing electric vehicles in this area is flourishing.

One of the main objectives of this GIM is to ensure widespread development throughout Tamil Nadu. The majority of industrial growth has been concentrated in Chennai, as well as the Coimbatore and Tiruppur regions. According to The Hindu, Industries Minister TRB Rajaa mentioned the possibility of a significant announcement for Thoothukudi, located on the southern coast.

The Union Minister for Commerce and Industry, Piyush Goyal, has emphasized the collaboration between the Central government and State government in order to facilitate India’s growth by taking necessary measures.

M.K. Stalin, the Chief Minister of Tamil Nadu, has emphasized the significance of the Global Investors Meet 2024 in terms of attracting investments, generating employment opportunities, and highlighting the state’s strengths. He believes that Tamil Nadu plays a pivotal role in India’s progress and has set a goal of achieving a $1 trillion economy by 2030.

Furthermore, he highlighted the success of attracting industries to underdeveloped districts and emphasized that Tamil Nadu is the leading state in terms of investment attraction. He also emphasized that the state is highly welcoming on the global platform.

Industries Minister T.R.B. Rajaa emphasized the exceptional performance of Tamil Nadu in various sectors and highlighted the positive impact of government schemes on the people. He mentioned that “Tamil Nadu boasts a doctor-to-population ratio comparable to Scandinavian countries, with one doctor for every 250 individuals. Additionally, the state produces an impressive number of over 150,000 engineers annually.”

Furthermore, Minister Rajaa expressed that the Global Investors meet aims to demonstrate that Tamil Nadu not only achieves economic growth but also prioritizes diversity, equality, and inclusivity, all while maintaining a strong focus on sustainability.