Published On:September 10 2015
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Investment proposals worth over Rs. 50,000 cr announced on Day 1.

Investment proposals totalling more than Rs. 50,000 crore were announced on the first day of the Global Investors Meet 2015 recently.

These are spread across renewable energy, financial services, automobile and IT.

The proposals announced are just a sample of the total investment proposals to be announced formally at the conclusion of the event tomorrow. The State Government had set a target of tying up investments amounting to about Rs. 1 lakh crore and this has been exceeded significantly, say officials.

Gautam Adani, Chairman, Adani Group, told media persons on the sidelines of the event that his company plans to invest Rs. 15,000-20,000 crore in Tamil Nadu over the next few years. It will cover a range of sectors including thermal power, ports and renewable energy.

HCL plans to invest more than $1 billion (Rs. 6,000 crore) over the next five years in southern Tamil Nadu. Shiv Nadar, Chairman, HCL, announced the company has identified Madurai and Tirunelveli as major centres for growth. HCL has so far invested over Rs. 6,000 crore in Chennai and Coimbatore development centres. It employs 75,000 persons in India and 1.10 lakh globally.

HCL’s brain centre will be based in Tamil Nadu, where one-third of the company’s work force is present, he said.

HBL


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