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Kudos to GIM organisers...
More than 3000 foreign companies are already present in Tamil Nadu. These include over 500 Japanese, 150 Korean and 250 American companies. The state is also the second in terms of foreign direct investments. So several people asked why does Tamil Nadu need a Global Investors Meet.

Narrating the course of organising GIM, C V Sankar, Additional Chief Secretary explained the rationale for conducting GIM. He referred to the immense support provided by the Tamil Nadu Chief Minister J Jayalalithaa from the time it was proposed to organise a meet to its successful inauguration and the grand finale.


Several lessons learnt...

Addressing a felicitation meet organised by IE to the GIM Secretariat, Sankar pointed to the well-spread industrial development initially around the Kongu belt (Coimbatore, Tirupur, Erode) through Ariyalur, Tiruchi, Madurai apart from Chennai. “Looking closely at the industrial development, even I had a few surprises: I came to know Sivakasi has the largest number of offset machines in a single location in the world, second only to Gutenburg! In many sectors we stand first and in several others within the top three to five. There are so many positive attributes for Tamil Nadu that need to be publicised. We were assured on our plan to conduct the GIM,”  said Sankar. The senior civil servant expressed happiness over the response - MoUs signed, for over Rs 242,000 crore of investments.

Sankar also pointed to several areas where the state has not yet ventured into. Referring to the comment made earlier by S Viswanathan, Editor and Publisher, Industrial Economist in his welcome address, Sankar said: “the state is yet to make a mark in several sectors like petro-chemicals, oil refining, agriculture… Gujarat and Maharashtra have done outstandingly well. Tamil Nadu has to foray into several of these. Our state is capable of effectively competing with other leading industrialised states. We will work on this and also excel in providing quality infrastructure.”

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IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
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