Tamil Nadu Global Investors Meet (TNGIM) is a business summit organized by Government of Tamil Nadu to facilitate domestic and foreign investments in the state. The first of these summits took place in 2015 and later in 2019. The next meet is scheduled to take place in January 2024.
The first meet was organized by the then chief minister of Tamil NaduàJ. Jayalalithaa at theàChennai Trade CentreàinàChennai. The government signed more than 100 MoUsàwith various investors to raise â¹2.4 lakh crores of investment.
The second meet was organized by then chief minister of Tamil NaduàEdappadi K. Palaniswami and was held on 23 and 24 January 2019 at the same location as the previous meet. TheàGovernment of Tamil Nadu facilitated the signing of 304 MoUs for a total investment of â¹3 lakh crores (US$42 billion). Adani GroupàandàIndian Oil Corporation committed to investing â¹28,000 crores (US$3.9 billion), the majority of which was to develop the Kattupalli shipyard. Japanàannounced thatàAll Nippon Airwaysàwould start daily flights betweenàNarita and Chennaiàto facilitate economic development.
On 10 August 2023, Chief Minister M. K. Stalin unveiled the new logo and announced the dates for the Tamil Nadu Global Investors Meet 2024, which is set to take place on 7 and 8 January 2024. The focus sectors for investments include automobile, electronics, Information technology, electric vehicles, aerospace, renewable energy, pharmaceuticals, textiles, chemicals, food processing, heavy engineering, leather and fintech.
The Investors meet attracted â¹6.64 lakh crore investment which was double the investment than the 2019 meet. The largest Investors were Tata Power ( â¹70,800 crore), Adani group (â¹42,768 crore), SingaporeâÂÂs Sembcorp (â¹36,238 crore), Leap Green ( â¹22,000 crore) and CPCL Ltd (â¹17,000 crore). The Godrej Consumer Products Limited (GCPL) also signed an MoU with the Tamil Nadu state government to build a manufacturing facility near Chennai. About 50% of the employees will be women, along with 5% of employees from LGBTQ community and people with disability (PWD).