TN Ahead of Gujarat, Maharashtra in Attracting Investments: Jaya - The New Indian Express

TN Ahead of Gujarat, Maharashtra in Attracting Investments: Jaya

Published: 22nd February 2014 07:25 AM

Last Updated: 22nd February 2014 11:29 AM

Releasing Phase II of the Tamil Nadu Vision 2023 giving a specific road map for realising infrastructure investments worth Rs 15 lakh crore, Chief Minister J Jayalalithaa on Friday announced that the State had attracted more investments than Gujarat, Maharashtra and Karnataka during the past 32 months. She also announced several ambitious policies for vital sectors, including industry, automobile and biotechnology.

The announcement came at a grand function attended by investors from across the globe where 16 Indian and multinational companies signed Memoranda of Understanding with the Tamil Nadu government committing to a whopping Rs 5,081-crore investment in vital sectors. “I have every confidence that I can return Tamil Nadu to double digit growth,” the CM said.

When the Vision 2023 document was signed on March 22, 2012, 17 companies had signed accords with the government for an investment of Rs 26,625 crore, the CM recalled, adding that through these 33 companies, as many as 1,62,667 people would get employment.

“According to the Centre for Monitoring Indian Economy, incremental investments attracted by Tamil nadu between June 2011 and January 2014 (amount to) Rs 1,46,800 crore. Tamil Nadu has achieved 18.2 per cent growth in investments, more than other states like Gujarat, Maharashtra and Karnataka,”  Jayalalithaa said, adding that Phase II of the project gives sector-specific approach and profiles of infrastructure projects proposed for implementation in the selected sectors.

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