Gujarat, Tamil Nadu woo investors

The Tamil Nadu government today announced holding its first global investors meet in May next year, while Gujarat held a roadshow here inviting investors from the southern state to its seventh edition of 'Vibrant Gujarat Summit' in January.
The state government in a release said it would conduct the Global Investors' Meet in May 2015 attracting investments and making the state a manufacturing hub.
In its 2014-15 budget, the Tamil Nadu government had alloted Rs 100 crore for conducting GIM in Chennai, scheduled to be held at Chennai Trade Centre.
During the two-day Meet on May 23 and 24, the state proposes to highlight sectors like electronics and electronics hardware, textiles, agro and food processing among others.

Meanwhile, Gujarat Minister of Finance, Energy and Petrochemicals Saurabhbhai Patel said his government was coming out with new policies across various sectors making it a business friendly environment.
"The Government is coming up with various policies which include new industrial policy, IT policy, electronics policy and the e-governance policy. These policies will enhance the business friendly environment of the State," he said in his address.

In the coming days, the government will come out with a new IT policy that would reimburse the Provident Fund made by the IT companies, he said.
While a presentation covering major sectors of the Gujarat economy was made during the event, the Minister met industry and business leaders later.

Prime Minister Narendra Modi will inaugurate the Vibrant Gujarat Global Trade Show scheduled to be held between January 7 and 13. Around 1,000 companies are expected to participate in the event, dubbed as the biggest exhibition in Gujarat.
The Tamil Nadu government has selected PricewaterhouseCoopers as Knowledge Partner for the event, while Tamil Nadu Industrial Guidance and Export Promotion Bureau (Guidance Bureau) will function as the Secretariat for conducting the event.
"The proposed GIM-2015 will herald a new era of industrialistaion and prove to be the harbinger of Tamil Nadu as Global Hub for Manufacturing", the release said.