T Muruganandham By

CHENNAI:The first ever Global Investors Meet of the Tamil Nadu government has attracted an unprecedented investment of Rs 2,42,160 crore — more than double the target of Rs 1 lakh crore.

These projects would cumulatively lead to creation of 4,70,065 jobs in Tamil Nadu. “I repeat it with pride,” Chief Minister J Jayalalithaa said amidst applause at the valedictory event of the GIM at Chennai Trade Centre and announced that as many as 98 Memoranda of Understanding (MoU) were signed during the past two days.

She also observed that the investment received in GIM 2015 exceeded the cumulative investment attracted through all MoUs signed by the Tamil Nadu government over 20 years from 1991 to 2011.

Profusely thanking all the investors, the Chief Minister promised all investors that necessary statutory clearances will be accorded within 30 days from the date of application with supporting documents.

Jayalalithaa said her government had nominated senior IAS officers as facilitators for each of the projects and that they would be responsible for liaising with the investor, and all the relevant government departments to ensure that all the clearances were granted within 30 days.

She also reiterated her vision for making Tamil Nadu the most favoured investment destination in India and amongst the top three destinations in Asia. “My government will do what it takes to ensure that we reach, and maintain that position,” she added.

The Chief Minister said since the GIM had been a huge success, adding, “Tamil Nadu will hereafter host a GIM once every two years, and the next meet will be held in 2017.”

With a whopping investment Rs 1,04,286 crore proposed for the manufacturing sector, Chennai will become the world’s largest car manufacturing hub. “Tamil Nadu is already one of the top 10 automobile hubs in the world. Currently Chennai has the capacity to produce about 1.4 million cars a year, that is, three cars every minute. My vision to make Tamil Nadu a world leader in manufacturing is becoming a reality,” she added.