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The Tamil Nadu government has postponed the launch of Global Investors Meet to September from the earlier announced May.
Confirming this, the state government in a release stated, “Many foreign investors have represented they would be in a position to commit much larger investment if more time is made available to finalise such investment proposals.”
Alongside this, the release mentioned the state government took the decision after it received feedback from many foreign investors for holding the event after summer.
MoUs for a total of Rs 76,000 crore investment are expected to be inked during the upcoming meet, including Rs 53,000 crore in non-energy sector and Rs 23,000 crore in the energy space.
The event was earlier scheduled to be held during May 23-24.
With most of the investment commitments already acknowledged, the state government plans to accord necessary clearances and government orders during the signing of MoUs.
A Budget provision of Rs 100 crore had been earmarked for organising the event, and the state government had held road shows in France, United Kingdom, Japan, South Korea, Singapore, Malaysia and Germany to attract investors. Road shows were also organised in places, including Bengaluru, Hyderabad, New Delhi, Ahmedabad and Coimbatore. Further roadshows have been planned in China and Taiwan and within India at Pune, Mumbai, Kolkata, Salem, Madurai and Thoothukudi.
The Global Investors Meet will now be held on September 9 and 10 in Chennai.
