The highly anticipated Tamil Nadu Global Investors Meet (GIM) 2024 commenced with vibrancy at the Chennai Trade Centre on January 7. Chief Minister M.K. Stalin shared a visionary strategy aimed at escalating the State’s economy to the commanding heights of $1 trillion by the year 2030. The gathering marked the beginning of a two-day event under the auspices of the current administration, setting the tone for a groundbreaking economic evolution.
The inaugural day was highlighted by the announcement of the new Semiconductor and Advanced Electronics Policy as well as the signing of numerous memoranda of understanding, which promise substantial investments into the region’s future. Reiterating the purpose of the GIM, Chief Minister Stalin portrayed the event as a monumental step that will spur both economic and industrial progression. His administration is dedicated to fostering advancements that will not only enhance the prestige of Tamil Nadu but also create a wave of investments that touch all corners of the state’s development spectrum.
Throughout the day, a parade of MOUs was prominently featured, establishing collaborations that underpin the state’s investment-centric approach. A notable partnership was forged with the Vietnamese electric vehicle manufacturer VinFast, that intends to invest in a manufacturing facility in Thoothukudi. This pact alone symbolizes a commitment of around ₹16,000 crore, signifying the high stakes and expectation associated with the economic conclave.