TN Global Investors Meet 2024 brings in a record ₹6.64 lakh billion in investments.

Record-breaking investments of ₹6.64 lakh crore were drawn to the Tamil Nadu Global Investors Meet 2024, surpassing the approximate amount of ₹5 lakh crore and more than doubling the amount invested in the preceding GIM in 2019.The Chief Minister MK Stalin's goal of the State having a $1 trillion GDP by 2030 will benefit greatly from the investment pledge. The statement is made one day before Gujarat's investors' summit, Vibrant Gujarat, which gets underway in Gandhinagar on Wednesday.The last two Tamil Nadu global investors' meetings took place in 2015, during the AIADMK government, with J Jayalalithaa serving as chief minister, and in 2019 with Edapaddi K Palaniswami serving as chief minister. Although investments of ₹2.42 lakh crore were solicited by the first edition, ₹3 lakh crore were managed by the second one.

The last two Tamil Nadu global investors' meetings took place in 2015, during the AIADMK government, with J Jayalalithaa serving as chief minister, and in 2019 with Edapaddi K Palaniswami serving as chief minister. Although investments of ₹2.42 lakh crore were solicited by the first edition, ₹3 lakh crore were managed by the second one.Leading the pack Over 600 businesses, both large and small, signed memorandums of understanding with the Tamil Nadu government during the two-day event, with Tata Power leading the way. It plans to invest ₹70,800 crore in several regions, including Tirunelveli, to increase its presence.The Adani group, which consists of Adani Green Energy (₹24,500 crore), Ambuja Cements (₹3,500 crore), Adani Connex (₹13,200 crore), and Adani Total Gas & CNG (₹1,568 crore), was the second-highest investor in the State.

Third-largest investor, Sembcorp of Singapore, intended to contribute ₹36,238 crore. Leap Green plans to invest ₹22,000 crore in the districts of Tiruvannamali and Thoothukudi. Stalin declared, "We have attracted an unprecedented ₹6,64,180 crore of investments," during the farewell event. These investments are anticipated to produce a total of 26,90,657 jobs, including direct employment for 14,54,712 people.The investments came from non-leather footwear, global capability centers, electric cars, and green energy. Tamil Nadu signed agreements during the two-day Global Investors Meet, which came to an end in Chennai on Monday, valued ₹6.64 lakh crore.