As many as 53 companies that have signed memorandums of understanding with the Tamil Nadu government during the second edition of Global Investors Meet have commenced commercial production, Chief Minister K Palaniswami said on Saturday.
Aimed at making the state an investors' friendly destination, the government conducted the second edition here in January and signed MoUs with various companies attracting investments worth Rs 3 lakh crore.
"My Government has ensured a committed support for all the MoU projects.
As a result, till date, 53 GIM 2019 MoU projects have commenced commercial production and 219 projects are under various stages of implementation," he said.
Palaniswami was speaking at the 'Investment and Skill Development Conclave' which saw the state government signing nine MoUs with various companies entailing investments of Rs 5,027 crore that would create 20,351 jobs.
Noting that his government has been working continuously to attract new investments from various companies, Palaniswami said "I am happy to inform that after the successful completion of Global Investors Meet 2019, in the past 10 months alone, Tamil Nadu has attracted 63 new MoUs with an investment of Rs 19,000 crore.."