CM addresses UK Parliament, assures all support to investors

Chief Minister Edappadi K Palaniswami, who is on a three-nation visit, has addressed the United Kingdom Parliament. He also promised all support to those who come forward to invest in Tamil Nadu.

“My Government is implementing a massive Insurance scheme for 15.8 million families at an annual cost of 140 million US Dollars for giving free medical treatment which includes 1,027 medical procedures.

My Government is implementing a number of health programmes focusing on women and children. Primary health centres provide 24 hours delivery care services and Tamil Nadu is one of the few states in India, where institutional
delivery is almost 100 per cent,” he said.

He said Tamil Nadu, with its vast industrial base, hosting 18% of the country’s institutions of higher learning and quality of living, is the best investment destination in India, today.

Frost & Sullivan published a ranking of Indian States in 2018, in which, Tamil Nadu stood second in overall performance and ranked first in investment potential, he added.

“The Global Investors Meet, 2019 hosted by my Government attracted investors from all over the world, particularly from countries like Japan, South Korea, Taiwan, France, USA, Germany and Finland in which 304 MoUs were
signed, amounting to more than 43 billion US Dollars,” the CM said.

According to Palaniswami, the State’s major exports include automobiles and auto-parts, textiles, leather products and electronic goods. 45% of India’s automobile exports, 34% of
India’s automobile component exports, and 16% of India’s electronic exports are from Tamil Nadu.

He said to take Tamil Nadu to the next level, we have taken many steps like: A state supported ‘Alternative Investment Fund’ which will facilitate investment by global investors, in the area of economic infrastructure.

A Social Impact Fund (with seed capital from the State, World Bank and Asian Development Bank) to fund affordable housing for the lower income groups and vulnerable sections of society.