Global Investors Meet: Govt got Rs 5K crore investments from Chennai MSMEs

Posted under: MSME
Date: 2023-11-30
Global Investors Meet: Govt got Rs 5K crore investments from Chennai MSMEs

MSME Minister TM Anbarasan said the state government was able to woo investment worth Rs 5,566 crore from Chennai district alone after signing 293 memoranda of understandings for the Global Investors Meet, scheduled for January 7 and 8. This is more than the target fixed, which was Rs 4,368 crore. The investments will be in auto component manufacturing, aerospace and defense equipment, electronic gadgets, IT equipment, trading, etc. and are likely to generate 26,477 jobs, the minister said during the roadshow organized here. This is the third such roadshow organized by the MSME department. Earlier, similar roadshows were organized in Chengalpattu and Kanchipuram. In Chengalpattu, 163 MoUs were signed for investments worth Rs 2,590 crore. This would generate 9,000 jobs. Similarly, in Kanchipuram, 320 MoUs worth Rs 4,102.77 crore were signed, generating 18,404 jobs. The minister also said 26,480 applications were received under Single Window 2.0, where 163 services are provided.

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