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State News

Jan 23, 2019

2-Day Global Investors Summit begins in Chennai today

Representational Pic
The two-day Global Investors Summit, being organised by Tamil Nadu government, is underway in Chennai.
It is being participated by about five thousand delegates from industries in India and abroad. Chief Minister Edappadi K Palaniswamy in his inaugural address this morning said the state government would soon unveil e-vehicle policy to give a boost to electric vehicles manufacturing in the state.

He said the 200 acres aerospace industrial park at Sriperumbudur near Chennai has the potential to get expanded by 700 acres more.
Defence Minister Nirmala Sitaraman unveiled the state's aerospace and defence industrial policy in the event. She said the Union Government is undertaking systemic transformation in the country in a big way.

She said the government initiatives have brought India at 77th place in ease of doing business, from 142nd position. She said the country's second defence industrial corridor has been launched in Tamil Nadu as it has a vast manufacturing base.
She assured the Centre's fullest cooperation to the state in its march towards progress. 

In the inaugural event, the Adani Group Chief Executive Officer Karan Adani committed an investment of 12 thousand crore rupees in its Kattuppalli port expansion project.

The Ford Motors inaugurated it's Global Technology and Business Facility at its sprawling Sholinganallur campus in Chennai. More investment commitments are expected to be made during the ongoing two-day interactions.

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