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Tamil Nadu London Investments Expected to Create 10,000 Jobs
Tamil Nadu Chief Minister C. Joseph Vijay recently visited London.
The state’s MSME minister said the visit attracted investments worth Rs.
13,500 crore.
He expects these investments to create jobs for about 10,000 people.
He also said smaller businesses could gain new opportunities.
A programme in Thoothukudi helped MSMEs learn how to work with large companies.
These companies included power, nuclear, port and industrial organisations.
Businesses were given information about registration, tenders and purchasing.
The government plans to hold 18 such programmes across Tamil Nadu.
It also increased funding support for MSMEs this year.
MSME Minister P. Mathan Raja said London-visit investments could create about 10,000 jobs.
He said the visit attracted investments worth Rs. 13,500 crore to Tamil Nadu.
A Thoothukudi vendor programme connected MSMEs with major industries and public-sector undertakings.
The programme explained vendor registration, tendering and procurement procedures to participating businesses.
Tamil Nadu increased MSME funding by Rs. 280 crore, bringing this year’s allocation to about Rs. 600 crore.
- Who
- MSME Minister P. Mathan Raja, Chief Minister C. Joseph Vijay and participating MSMEs.
- What
- The minister said investments linked to the Chief Minister’s London visit could create about 10,000 jobs and boost MSME opportunities.
- Where
- The programme took place in Thoothukudi, Tamil Nadu, while the investments were attracted during a visit to London.
- When
- The vendor development programme was held on Friday; the exact date was not stated. The London visit was described as recent.
- Why
- The investments and vendor programme are intended to support industrial growth, create jobs and connect MSMEs with major industries and public-sector organisations.
Key facts
- Reported investment value
- Rs. 13,500 crore attracted to Tamil Nadu through the Chief Minister’s London visit
- Expected employment
- Around 10,000 jobs
- Event location
- Thoothukudi
- Programme purpose
- Help MSMEs expand markets and establish links with major industries and public-sector undertakings
- Programmes planned
- 18 vendor development programmes across Tamil Nadu
- Current MSME allocation
- About Rs. 600 crore
- Additional capital subsidy allocation
- Rs. 280 crore added this year
- Proposed local project
- A space research centre at Alikkulam in Thoothukudi district
Sources
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