Chennai: Tamil Nadu Chief Minister M K Stalin embarked on a Singapore and Japan tour, in a bid to attract investors towards the state ahead of the Global Investors Summit in Chennai 2024. The Global Investors Summit is slated to take place in Chennai in January 2024.
In a statement, Stalin said: "I am going to Singapore and Japan. Industry Minister and some government officials are coming with me. The main target of this journey is to invite investors ahead of Global Investors Meet which is scheduled for January 2024 at Chennai." Last year we went to Dubai and got investments of 6,100 crores which generated employment opportunities for over 15,000 persons. We also signed Memorandum of Understanding with six companies".
To entice investors to Tamil Nadu, the chief minister of Tamil Nadu, industry minister T R B Raja, and senior bureaucrats headed for Singapore and Japan on a nine-day trip. The team of CM MK Stalin will arrive in Singapore this evening and will spend the next two days meeting with different investors.
According to a DIPR press statement, "CM MK Stalin will meet with Singapore Home and Law Minister K Shanmugam and Transport and Trade Minister Eshwaran on May 23. Additionally, MK Stalin has appointments with key Singapore companies like Temasek, Sembcorp, and Capital Land Investment to meet with investors. He will also attend the Global Investors Meeting where a memorandum of understanding will be inked between Singapore University of Technology and Design SIPO, SICCI and Guidance Tamil Nadu, SIPCOT, Fame TN, TANSIM, and TNSDC. Stalin will also attend the cultural event for Singapore's Tamil community.
MK Stalin is expected to depart for Japan on May 24 following his visit to Singapore, where he is expected to meet with leading businessmen and extend an invitation to investors for the Chennai Global Industrialist Meet. A number of MoUs are anticipated to be signed during the visit to Japan, and Stalin's team will also stop in Osaka to meet with investors. He said, 226 companies have received investments totaling Rs 2,95,339 crores during the past two years.
"Since the DMK took power as the state's administration. Two years ago, 226 companies signed memorandums of understanding, bringing in over Rs 2, 95, 339 crores in investments. 4, 12, 565 additional work possibilities would be produced if the implementation is entirely completed, said the chief minister.
"Based on this, we are now travelling to Singapore and Japan to draw in more investments," Stalin continued. We will meet hundreds of companies on our trip, and it is only then that we will learn how many investments we are likely to receive. While on this trip, some MoUs will also be signed with businesses.
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