Minister chides Stalin for remark on GIM investors
Chennai:08.02.2019
Tamil Nadu Industries minister M C Sampath on Thursday chided DMK president M K Stalin for questioning the status of investors, who had entered into MoUs with the state government in the recently concluded Global Investors Meet (GIM). Stalin on Wednesday had said the state government had dragged people from roadside and defaulters in receipt of notices from banks to sign MoUs during GIM.
“Several leading Indian companies like TVS, MRF, Adani and Birla as well as several multinationals including Hyundai and Yamaha among others had entered into MoUs during the GIM, which was also attended by several delegates representing various embassies. Stalin is unable to digest the success of GIM,” Sampath said. He said, in any industrial investment, money required for a project is borrowed from banks. “It is surprising that Stalin, who had handled the industries portfolio, was not aware of this,” he said. TNN
Chennai:08.02.2019
Tamil Nadu Industries minister M C Sampath on Thursday chided DMK president M K Stalin for questioning the status of investors, who had entered into MoUs with the state government in the recently concluded Global Investors Meet (GIM). Stalin on Wednesday had said the state government had dragged people from roadside and defaulters in receipt of notices from banks to sign MoUs during GIM.
“Several leading Indian companies like TVS, MRF, Adani and Birla as well as several multinationals including Hyundai and Yamaha among others had entered into MoUs during the GIM, which was also attended by several delegates representing various embassies. Stalin is unable to digest the success of GIM,” Sampath said. He said, in any industrial investment, money required for a project is borrowed from banks. “It is surprising that Stalin, who had handled the industries portfolio, was not aware of this,” he said. TNN
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