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Tamil Nadu is set to inaugurate its first Global Investors Meet on Wednesday.
Industrialists Reliance Group chief Anil Ambani, Mahindra & Mahindra Chairman Anand Mahindra, ITC Chairman Y C Deveshwar, ICICI Bank Managing Director Chanda Kochhar, HCL founder Shiv Nadar, JSW Steel chief Sajjan Jindal, Adani Group chief Gautam Adani and Indian Oil Chairman B Ashok, among others, would be part of the meet.
An invitation sent by Tamil Nadu Chief Minister J Jayalalithaa said: "Our government is committed to making Tamil Nadu a new growth model among Indian states. I invite you all to be our partners in realising my vision of making Tamil Nadu the numero uno among Indian states in all spheres of development."
During the two-day summit, the Tamil Nadu government plans to attract investments worth Rs 1 lakh crore. Around 5,000 delegates from across the world are expected to attend; nine countries are participating.
Officials said the target has been achieved and they have received overwhelming response from investors.
Sources in the government said these investments would translate to around 150,000 jobs over the next three years. About100 MoUs would be signed over the two days.
Baba Kalyani of Bharat Forge, Subhash Chandra of Essel Group, and corporates heads from TVS Group, Ashok Leyland, Murugappa are also expected at the event.
Union minister of state for commerce and industry Nirmala Sitharaman, Minister of State for Road Transport, Highways and Shipping Pon Radhakrishnan would be present on Wednesday when Jayalalithaa inaugurates the event.
Senior representatives from Amway, NCR Corporation, Uber, PayPal, SunEdison, Ford, IBM, and General Electric are also expected to attend the event.
The British business delegation would be led by Nicola Bolton, managing director (global trade operations), UK Trade & Investment, London, and Bharat Joshi, British Deputy High Commissioner in Chennai.
The state government had allocated around Rs 150 crore for the Global Investors Meet.
