The Nadu government has allocated Rs 3,268 crore for theindustries departmentfor FY24. The upcoming Global Investors Meet (GIM) has been earmarked with an allocation of Rs 100 crore.
Announcing this in his budget speech in the assembly, finance minister Palanivel Thiaga Rajan said the next GIM would be held in Chennai on January 10 and 11, 2024. “This will be a platform that will showcase the Investment friendly Climate prevailing in the state and also its immense strengths and attractiveness as an investment destination. It will also facilitate our industries, MSMEs and startups to connect with the global markets and investors,” he said.
Noting that the government is according high priority to labour-intensive sectors such as non-leather footwear, he said two industries are proposed to be established in Ranipet and Kallakurichi districts with EMPLOYMENT potential for 32,000 Women.
He further said Tamil Nadu has been attracting substantial investments in the last two years. Since May 2021, 221 MoUs have been signed for investment commitments worth Rs 2.7 lakh crore with employment opportunities for nearly 3.9 lakh people.