Tamil Nadu Chief Minister MK Stalin Announces Huge Investments and Job Creation at Investment Conclave 2024
Chennai (Tamil Nadu) [India], August 21: Tamil Nadu Chief Minister MK Stalin announced that the state has attracted investments worth over Rs 9 lakhs and created 31 lakh new jobs. He made this announcement while inaugurating the ‘Tamil Nadu Investment Conclave 2024’.
Stalin stated, “In the last 3 years, we have attracted Rs 9 lakhs and 74 thousand crores to create direct and indirect job opportunities for 31 lakhs of people. Everyone knows that investors usually prefer better law and order and a peaceful state. Entrepreneurs are confident in Tamil Nadu that they can run businesses here peacefully.”
During the conclave, Stalin inaugurated 19 projects worth Rs 17,616 crore and laid the foundation stone for 28 projects worth Rs 51,157 crore. State Industry Minister TRB Raja mentioned that these projects would create 64,968 jobs in the state.
A notable agreement was signed between the Tamil Nadu government and Greenko Company to start 3 closed-loop pump storage facilities, bringing an investment of Rs 20.114 crore and creating jobs for 1,500 people.
The Chief Minister also laid the foundation stone for ‘TN ENGINE’, a joint initiative of Tata Technologies and Tamil Nadu Engineering & Innovation Centre, to set up an advanced common engineering facility center for 9 emerging technologies at a cost of Rs 400 crores on the Anna University campus, Coimbatore. The initial works worth Rs 166.88 crore were started today.
Industry Minister TRB Raja emphasized that the main focus of the state government in attracting investment is generating job opportunities. He said, “A trillion-dollar economy is his (the CM’s) focus and to get there, we will need a vibrant Tamil Nadu. For this, every corner of Tamil Nadu needs to see economic growth. Every investment that comes to Tamil Nadu is focused on creating jobs.”
He added, “Today, you see that Rs 68,773 crores worth of inaugurations and foundation stone laying are happening and this will give employment to over 1.6 lakh people across the state. This will rejuvenate the entire local economy and help us achieve our one trillion-dollar economy goal. The world over, Tamil Nadu is the number one destination for investors who come to India. The world investors who come into India look for a place safe for women, infrastructure, a governance model, a government in place and others, this is what Tamil Nadu excels in.”
Doubts Revealed
Tamil Nadu -: Tamil Nadu is a state in the southern part of India. It is known for its rich culture, temples, and industries.
Chief Minister -: A Chief Minister is the head of the government in an Indian state. They are responsible for making important decisions and running the state.
MK Stalin -: MK Stalin is the current Chief Minister of Tamil Nadu. He is a politician and the leader of the Dravida Munnetra Kazhagam (DMK) party.
Investment Conclave -: An Investment Conclave is a big meeting where business leaders and government officials discuss and announce new investments and projects.
Rs 9 lakhs -: Rs 9 lakhs means 900,000 rupees. In India, ‘Rs’ stands for rupees, which is the currency used in the country.
31 lakh new jobs -: 31 lakh means 3,100,000 jobs. ‘Lakh’ is a term used in India to represent 100,000.
Inaugurated -: Inaugurated means officially starting something, like a new project or building, usually with a special ceremony.
Foundation stone -: Laying the foundation stone means starting the construction of a new building or project. It is a symbolic act to mark the beginning.
Greenko Company -: Greenko Company is a business that focuses on renewable energy, like wind and solar power. They are investing in Tamil Nadu to create jobs and help the environment.
TN ENGINE initiative -: The ‘TN ENGINE’ initiative is a special program to set up an advanced engineering facility. It aims to improve technology and education in Tamil Nadu.
Anna University -: Anna University is a famous university in Tamil Nadu, known for its engineering and technology courses. The new facility will be set up at its Coimbatore campus.
Coimbatore -: Coimbatore is a city in Tamil Nadu, known for its industries, educational institutions, and pleasant weather.