TN aims for Rs. 1-lakh-crore project proposals at GIM

The Tamil Nadu government plans to seek investments of Rs. 1 lakh crore from sectors such as aerospace, energy, biotech, electronic manufacturing and ITeS.

Launching the road show for Tamil Nadu Global Investor Meet (GIM), CV Shankar, Additional Chief Secretary to the Tamil Nadu government, said that a bulk of these investments will come from non-automotive related sectors, as the Sate seeks to diversify its sources of income.

'We want to go beyond automobile or component manufacturing,' said Shankar. The State contributed 25 per cent of the national automobile output, according to government officials.

For this, the government has tapped 14 countries, including France, the UK, Germany and Singapore, who are expected to make the bulk of these investments. In the aerospace sector, the government is eying investments from component makers for aircraft engines and other affiliated areas.

'We expect 30 such companies to set up shop in the next few months,' Shankar said.

The State government is also pushing for electronic manufacturing, since it believes that it has the right mix of engineering colleges and past manufacturing.


HBL