The Tamil Nadu Global Investors Meet (TNGIM) is a business summit organised by the

Government of Tamil Nadu Government of Tamil Nadu is the subnational government for the Indian state of Tamil Nadu. It is seated at Fort St George, Chennai. The legislature of Tamil Nadu was bicameral until 1986, when it was replaced by a unicameral legislature, lik ...

Chennai Chennai (, ), formerly known as Madras ( the official name until 1996), is the capital city of Tamil Nadu, the southernmost Indian state. The largest city of the state in area and population, Chennai is located on the Coromandel Coast of th ...

to allow domestic and foreign investment in the state. The first business summit was held in 2015. The latest meeting in 2019 enabled the signing of 304 memorandi of understanding (MoUs) and potential investments worth ₹300,431 crores (US$42 billion).

Focus sectors

The primary focus sectors are: *

Aerospace Aerospace is a term used to collectively refer to the atmosphere and outer space. Aerospace activity is very diverse, with a multitude of commercial, industrial and military applications. Aerospace engineering consists of aeronautics and astrona ...

and

Defence Defense or defence may refer to: Tactical, martial, and political acts or groups * Defense (military), forces primarily intended for warfare * Civil defense, the organizing of civilians to deal with emergencies or enemy attacks * Defense industr ...

Agribusiness Agribusiness is the industry, enterprises, and the field of study of value chains in agriculture and in the bio-economy, in which case it is also called bio-business or bio-enterprise. The primary goal of agribusiness is to maximize profit w ...

and

food processing Food processing is the transformation of agricultural products into food, or of one form of food into other forms. Food processing includes many forms of processing foods, from grinding grain to make raw flour to home cooking to complex industr ...

Automobile A car or automobile is a motor vehicle with Wheel, wheels. Most definitions of ''cars'' say that they run primarily on roads, Car seat, seat one to eight people, have four wheels, and mainly transport private transport#Personal transport, pe ...

* Chemicals and

Petrochemicals Petrochemicals (sometimes abbreviated as petchems) are the chemical products obtained from petroleum by refining. Some chemical compounds made from petroleum are also obtained from other fossil fuels, such as coal or natural gas, or renewable sou ...

Electronics The field of electronics is a branch of physics and electrical engineering that deals with the emission, behaviour and effects of electrons using electronic devices. Electronics uses active devices to control electron flow by amplification ...

* Heavy Engineering * IT and ITES *

Pharmaceuticals A medication (also called medicament, medicine, pharmaceutical drug, medicinal drug or simply drug) is a drug used to diagnose, cure, treat, or prevent disease. Drug therapy (pharmacotherapy) is an important part of the medical field and rel ...

and

Biotechnology Biotechnology is the integration of natural sciences and engineering sciences in order to achieve the application of organisms, cells, parts thereof and molecular analogues for products and services. The term ''biotechnology'' was first used b ...

Renewable energy Renewable energy is energy that is collected from renewable resources that are naturally replenished on a human timescale. It includes sources such as sunlight, wind, the movement of water, and geothermal heat. Although most renewable energy ...

* Skill development *

Textiles Textile is an umbrella term that includes various fiber-based materials, including fibers, yarns, filaments, threads, different fabric types, etc. At first, the word "textiles" only referred to woven fabrics. However, weaving is not the ...

Highlights

First meet

In 2015, the Meet was organized by

Chief Minister A chief minister is an elected or appointed head of government of – in most instances – a sub-national entity, for instance an administrative subdivision or federal constituent entity. Examples include a state (and sometimes a union terri ...

J. Jayalalithaa Jayaram Jayalalithaa (24 February 1948 – 5 December 2016) was an Indian politician and actress who served as Chief Minister of Tamil Nadu for more than fourteen years over six terms between 1991 and 2016. From 9 February 1989 to 5 December 2 ...

. More than 5,000 delegates attended, signing over 100 MoUs, and raised ₹24,000,000 of investment.

Second meet

On 23 and 24 January 2019, the second Meet was held at the

Chennai Trade Centre Chennai Trade Centre is a permanent exhibition complex in Nandambakkam, Chennai, hosting several trade fairs and conventions round the year. It is the first fair infrastructure that has been developed by India Trade Promotion Organisation (ITPO ...

. 304 MoUs were signed and potential investments worth ₹300,431 crores (US$42 billion) were made. Adani Group and

Indian Oil Corporation Indian Oil Corporation Limited (IOCL; d/b/a IndianOil) is a central public sector undertaking under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. It is headquartered in New Delhi. It is a public sector unde ...

committed to invest ₹28,000 crores (US$3.9 billion). The majority of Adani's investment was to make the

Kattupalli shipyard The Kattupalli Shipyard, officially Adani Katupalli Port Private Limited is a large shipyard project at Kattupalli village near Ennore in Chennai, being built by L&T Shipbuilding Ltd. It is being set up jointly by TIDCO and Larsen & Toubro (L&T ...

a major multipurpose port by increasing its current capacity twelvefold. Japan announced that All Nippon Airways (ANA) would start daily flights between Narita and

to increase air connectivity to India.

References

External links