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The Hindu
The Hindu
National
Sanjay Vijayakumar

YOU WONT BELIEVE: Strengthening the economy from commitment to realisation - What They Never Told You

DMK Tamil Nadu AIADMK SIPCOT United Arab Emirates

Among the key aspects to turn around a flailing economy severely impacted by the unexpected COVID-19 pandemic would be to actively woo and secure investments that will not only bring in revenue but will also create jobs.

The Tamil Nadu government is also marching aggressively on this front, showcased by Chief Minister M.K. Stalin’s recent visit to Dubai. It is said about $1 billion (₹6,100 crore) is the commitment from the United Arab Emirates. Totally, $9 billion (over ₹68,000 crore)-worth of investment commitments, with a potential for creating over 2 lakh jobs, have reportedly been attracted by the DMK government in its 10 months of rule.

While the DMK government has started on the right note in wooing investors, signing so far 130 memoranda of understanding, converting them into reality holds the key.

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