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Stalin highlights state’s ‘conducive environment’ while inviting top Singapore firms to Tamil Nadu

Chief Minister MK Stalin is on a two-nation official tour to Singapore and Japan to attract more investments to Tamil Nadu.

ByPTI

Published May 24, 2023 | 1:41 PM ⚊UpdatedMay 24, 2023 | 1:41 PM

Investments worth ₹1,723.05 crore were confirmed at international MSME under MK Stalin

MK Stalin. (Screengrab)

Tamil Nadu Chief Minister MK Stalin on Wednesday, 24 May, met top officials of various firms in Singapore and invited them to invest in the southern state, highlighting the conducive environment for starting new ventures.

Stalin is on a two-nation official tour of Singapore and Japan to attract more investments to Tamil Nadu and invite investors for a business conclave scheduled in Chennai next January.

“Had discussion and productive engagement with the heads of major financial and industrial institutions from Singapore. The talks with Dilhan Pillay Sandrasegara, Executive Director and CEO of Temasek, Kim Yin Wong of Sembcorp and Sanjeev Dasgupta of CapitaLand reaffirmed the long-standing relations between Tamil Nadu and Singapore,” MK Stalin said in a tweet.

“They expressed their keen interest in investing in Tamil Nadu and partnering with us in our journey towards becoming a trillion-dollar economy,” the chief minister added.

Also read: TN procured investments worth ₹2,73,448 crore since May 2021

The two sides explored the possibilities of expanding the existing investments in renewable energy, industrial parks and logistics to new areas like food processing and fishing.

“Looking forward to build and continue further upon the historical and mutually beneficial partnership between Tamil Nadu and Singapore,” Stalin added.

Had discussion and productive engagement with the heads of major financial and industrial institutions from Singapore. The talks with Dilhan Pillay Sandrasegara, Executive Director and CEO of Temasek, Kim Yin Wong of Sembcorp and Sanjeev Dasgupta of CapitaLand reaffirmed the… pic.twitter.com/ShjIeBwCGc

— M.K.Stalin (@mkstalin) May 24, 2023

Investments

In an official statement released in Chennai, Stalin thanked Temasek for its existing investment in the wind power sector in Tamil Nadu and invited the company to expand its footprint in the state.

The chief minister told Wong of Sembcorp that the Government of India has simplified the regulations regarding pumped hydro storage projects and urged the company, operating in the renewable energy sector, to explore the Public-Private Partnership (PPP) model to implement initiatives in his state, the release added.

He requested CapitaLand’s contribution in creation of research and development facilities in Tamil Nadu.

The release quoted the company officials as expressing keen interest to explore investment options in Tamil Nadu and assuring them to take the matter forward.

Also read: CM MK Stalin to visit Japan and Singapore to attract investments

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