Stalin meets industrialists in Singapore, pitches TN as investment destination

Chennai, May 24 (BPNS)

Tamil Nadu Chief Minister M.K. Stalin, who is on a one-week two-nation tour of Singapore and Japan, has met industrialists and business groups in Singapore and pitched  Tamil Nadu as a safe investment destination.

 The Chief Minister is visiting the two countries to woo investments for the state as a prelude to the Global Investor Meet to be held in Chennai in January 2024.

 Stalin in a tweet said, “Had discussions and productive engagement with the heads of financial and industrial institutions from Singapore. Held talks with Dilhan Pillai Sandrasegara, Executive Director and CEO of Temasek, Kim Yin Wong of Sembcorp and Sanjeev Dasgupta of Capital and reaffirmed the long standing relations between Singapore and Tamil Nadu.”

The Chief Minister further said, “ They expressed their keen interest in investing in our Tamil Nadu and partner with us in our journey towards becoming a trillion- dollar economy.” He also said that the two sides had discussions on possibilities of increasing investments in renewable energy projects that are presently in existence in the state.

Stalin, according to a  Tamil Nadu government statement, also pitched for investments in the state in sectors like fishing, food processing and industrial parks and claimed that Tamil Nadu was a safe destination for investments.

The Chief Minister thanked Temasek for the wind power investment the company has made in Tamil Nadu and also invited the company to expand its investment in the state.

 Stalin wanted CapitaLand’s expertise and its contribution towards research and developmental facilities in Tamil Nadu.

 The Chief Minister of Tamil Nadu also informed Wong of Sembcorp about the simplification in the pumped hydro storage products and called upon the company to explore a PPP model investment model in Tamil Nadu.

 Stalin will leave for Japan on May 25 after a few meetings with Singapore-based investors and is planning a more professional approach in Japan.

Interestingly Stalin is the first Chief Minister of Tamil Nadu to be visiting Japan. He is also visiting Osaka, the industrial and business town of Japan besides its capital Tokyo.