MK Stalin, the chief minister of tamil Nadu, has launched an endeavor to promote the sector and create new jobs in the state. At a recent investor conference in Coimbatore, MoUs were inked for 59 projects valued at Rs.35,208 crore. The completion of these projects is estimated to result in the creation of 76,795 new jobs. Investor conferences were organized in chennai in July and september after the DMK took control. A goal of 'one trillion dollars in investment' has also been set. 

It is laudable that the tamil Nadu government has identified financial technology as a newly developing industry and has developed a business policy to support its development. The offer of start-up incentives in secondary and tertiary cities may also aid in balancing development among tamil Nadu's districts. The creation of a big number of new jobs has been the key strategy of attracting investment in the business. It should also be remembered that no matter how serious the government's efforts are, not all of them will be realized within the expected time frame. 

During the tenures of past chief ministers jayalalithaa and Palanisamy, many of the agreements reached by investor conferences have yet to be implemented. 98 Memorandums of Understanding were signed across a variety of businesses at the 2015 World Investor Conference. In the micro, tiny, and medium enterprise sectors, 10,073 memorandums of understanding were signed. While the investment obtained as of July 2021 is just Rs.73,711 crore, it is estimated to generate Rs. 2,42,160 crore in investment and 4.70 lakh employment.

Despite the fact that the Investors Conference in 2019 resulted in 304 agreements worth Rs 3,00,501 crore, only 81 projects worth Rs 24,492 crore had been realized as of July 2021. Only 27% of the projects started production in the first year, according to Palanisamy's assessment. A total of Rs 2.20 lakh crore has been invested in 191 projects that would provide employment to 5.33 lakh people. Delays in the implementation of past investor conference agreements must also be discovered and corrected.

Both the DMK and the AIADMK are opposed to partisanship in pursuing significant power and irrigation projects that will aid the state's growth. Even in soliciting investors and implementing inked agreements, that nonpartisan attitude must be maintained.

మరింత సమాచారం తెలుసుకోండి:

investments

SIBY JEYYA

02/12/2021 12:30 AM